(Alliance News) - Espe Spa announced Wednesday that it has won an order for the construction of a 9.2 MWp ground-mounted photovoltaic plant worth EUR5 million.

The installation is scheduled for completion by the first quarter of 2025.

Following the signing of this new contract, to date, the order backlog amounts to approximately EUR102 million and consists of 98 percent PV. The current order backlog is expected to be fulfilled by the end of the first half of 2025.

Enrico Meneghetti, president and CEO of ESPE, said, "We are thrilled to have concluded this important agreement with one of the leading players in the Italian and international energy sector. The implementation and realization of this new photovoltaic plant not only allows us to strengthen our position and expand our order book, but also to be an active part of the redevelopment process of the area where it will be installed, which is undergoing remediation by our client."

"This order highlights a growth in our clean energy offering but also a demonstration of our commitment to promoting energy development with respect for the environment and the community."

Espe is up 3.6 percent at EUR2.90 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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