EnergRed develops 77 kW solar PV plant for Palomar in Certaldo, Italy

Palomar has secured a 77 kW solar PV plant developed by EnergRed in Certaldo, Italy, directly enhancing the facility's annual self-consumption capacity by over 740,000 kWh. This development represents a clear operational efficiency strategy for Palomar, aiming to reduce external energy reliance and stabilize costs for its asset in Toscana. EnergRed successfully delivered an operating renewable energy asset, demonstrating its project execution capabilities within the European market. The undisclosed value of this development suggests a direct client-developer engagement, where Palomar benefits from long-term energy savings rather than an outright asset acquisition. This 77 kW solar installation provides a dedicated, on-site power source for Palomar's specific infrastructure asset. EnergRed, a Madrid-based infrastructure investment and development firm managing $5 billion in assets, expands its European renewable energy project delivery with this Certaldo solar PV plant. This 77 kW project aligns with EnergRed's specialization in renewable energy infrastructure across Europe, adding to its operational track record in the sector. For Palomar, a London-based infrastructure investment firm established in 2019, this solar development in Certaldo directly improves the energy profile of one of its European assets. Palomar's diversified portfolio, spanning Europe and North America, includes a focus on energy infrastructure, making this 77 kW plant a direct fit for managing operational costs and sustainability. The firm actively integrates such targeted energy solutions across its assets.