Green Arrow Capital, SolarDuck and New Developments have signed an agreement for the development of a floating hybrid wind-solar project off the coast of Corigliano Calabro. The plant, among the first in Italy, will have a capacity of 540 MW.

With 28 floating wind turbines of 420 MW peak and a photovoltaic system of 120 MW peak it will be able to generate over 160 GWh of solar energy per year. The project is part of the investments of the Green Arrow Infrastructure of the Future Fund (GAIF)