Sustainable Electricity Generation with Base-Load Capability
Hydropower’s ability to provide baseload power makes it a particularly strategically important component of renewable energy. For the Ranft Group, this is a compelling reason to become active in this field! Through our previous activities in the Italian renewable energy market, we have established a first-class reputation among our business partners as a reliable and capable project partner. An ideal starting point, which, within our network, has led to a long-term, partnership-based collaboration with experienced project developers and operators of hydroelectric power plants in Italy. Italy has a long tradition of hydropower, dating back to the 19th century. And Italian engineering is arguably among the best in this field to be found.
Over the next few years, the Ranft Group plans to build hydropower plants with a total annual production capacity currently projected to be at least 22 million kWh, or to take a direct stake in such projects. Based on current information, the annual electricity revenue from these projects is approximately EUR 4.6 million.