Metlen secures Energy Release 2.0 access for Arvedi steel plant

Metlen's partnership with Acciaieria Arvedi to provide access to the Energy Release 2.0 framework represents a significant move towards integrating renewable energy into energy-intensive industries. The agreement will see Metlen develop 170 MW of new solar capacity in Italy over the next three years, supplying approximately 2.4 TWh of electricity to Arvedi's steel plant. This arrangement leverages the “Italian Model,” guaranteeing Metlen a fixed remuneration of €65/MWh through Gestore dei Servizi Energetici (GSE), mitigating revenue risk and enhancing project bankability. This deal demonstrates a direct response to Europe's energy cost challenges by linking industrial electricity supply with accelerated renewable energy deployment. The partnership is notable for its scale and the involvement of key players. The 170 MW solar portfolio is a substantial investment in Italian renewable energy infrastructure. Acciaieria Arvedi, a major Italian steel manufacturer, secures a long-term, stable source of electricity, contributing to its sustainability goals and potentially reducing its exposure to volatile energy prices. The involvement of GSE further underscores the government's commitment to supporting renewable energy projects through established frameworks. This deal could serve as a model for similar partnerships across Europe, encouraging industrial decarbonization through direct renewable energy procurement.