7 Seas Med seeks concession for EUR 741m floating wind in Italy

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
7 Seas Med seeks concession for EUR 741m floating wind in Italy

Italian company 7 Seas Med Srl has filed a request to the Ministry of Infrastructure and Transport for the maritime state property concession for the installation of the 250 MW floating offshore wind project in the Strait of Sicily for a duration of 30 years

The proposed project will be located about 35 km from the northwest coast of Sicily. It is estimated to cover up to 1.26 million sq.m. of water surface and 131 sq.m. of state maritime area of the municipalities of Marsala, Favignana, and Marettimo. It will feature 25 turbines with an individual generating capacities of 10 MW and an offshore transformer substation for the introduction energy in the national grid.

The development is in the preliminary stage of securing the concession grant. The developers will need to conduct an environmental impact assessment of the area. The estimated value of the procurement is EUR84.4 million (US$95.2 million) excluding value-added tax. The project cost is estimated at about EUR741 million (US$840.30 million). 

The project is being developed in partnership with the Copenhagen Infrastructure Partners (CIP). Once the concession is granted, the construction could start in 2023. 

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.