Iren signs a €180m contract with Ansaldo Energia

Iren S.p.A., through its subsidiary Iren Energia S.p.A., signed a contract with Ansaldo Energia for the new combined gas cycle realization, with an investment of approximately €180 M, which will increase installed capacity at the Turbigo site, which is all natural gas-fed, from the current 850 MW to around 1,280 MW. The expansion of the capacity for 430 MW obtained a remuneration in the Capacity Market auctions. 
The remuneration recognized for the participation in the Capacity Market is additional to the margins associated with the sale of electricity (MGP) and ancillary services (MSD).
This investment demonstrates Iren’s support for the energy transition process, guaranteeing the production security and flexibility needed to balance intermittent renewable sources.
The new combined cycle, with a 57% yield, will achieve the first parallel by 31/03/2022, whereas the test exercises and inspection will be completed by 30/06/2022.
Based on an EPC contract, Ansaldo Energia will manage the executive design phase, the supply of the gas turbine, generators and set-up transformers, heat recovery vapor generator, the implementation of the civil works, the assembly and supply of ancillary electrical and mechanical installations.
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