BKW AG (SWX:BKW) has acquired a 130-MW onshore wind project in Italy, allowing the Swiss energy company to significantly exceed its target of building a renewables portfolio of at least 1 GW by 2026.
BKW said on Friday that the project, located in the Puglia region in the south of Italy, consists of two wind farms -- Cerignola North and Cerignola South. The construction works are scheduled to begin in 2024, with the facilities expected to become operational by the end of 2025. The wind parks together will consist of 31 turbines and are expected to generate about 335 GW/h of electricity per year.
The two wind farms raise BKW’s installed capacity for new renewables to around 1.1 GW, meaning that once the facilities are connected to the grid, the Swiss company will surpass its 2026 target.
BKW said that it will continue to invest in renewable energy, focusing on Switzerland. The company welcomes an initiative of the Swiss government to ease the construction of new solar plants in the alpine region in order to secure energy supply in winter months. As an energy producer, BKW has reviewed various locations for such installations and has submitted multiple technical connection applications. As a distribution system operator, it has received 25 applications for connecting alpine solar facilities to the grid.