eVISO Secures Energy Purchase Agreements in Biogas and Solar Sectors
eVISO Spa has signed a contract to purchase 8 GWh of annual energy from a biogas plant and additional agreements for 16 MW of solar energy. This strategy aims to enhance the company’s renewable energy portfolio and improve cash conversion cycles.
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eVISO Spa has entered into its first contract in the biogas sector for 8 GWh of annual energy from a 1 MW capacity biogas plant in Piedmont. Additionally, the company has secured agreements with local photovoltaic producers for a total capacity of 16 MW, targeting 120.4 GWh of annual energy from renewable sources by 2026.
This includes 112.4 GWh from solar and 8 GWh from biogas. Direct purchases from renewable producers are expected to reduce the cash conversion cycle by 60 days, with an estimated cash benefit averaging €3.4 million. In peak summer months, this benefit could rise to €5.4 million.
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