LONDON, Dec 11 (Reuters) - British renewable investorOctopus has signed a five-year power purchase agreement (PPA) tosupply Shell Energy Europe Ltd with generation from itsportfolio of Italian solar projects, the two companies said in astatement on Tuesday.
* The deal is Octopus’ first PPA in Italy and will cover sixofits 10 Italian solar projects currently under construction oncethey have been completed in early 2019, the statement said
* The six projects have a combined capacity of around 70.5megawatts
* "For us, Italy is a strategic market for power and we’vebeenlooking at ways to increase our power presence in the country,"Fabio Ganzer, general manager for power at Shell Energy EuropeLtd said in a statement
* Shell Energy Europe is an energy marketing and tradingdivisionof oil major Royal Dutch Shell
* No financial details were provided(Reporting by Susanna Twidale; editing by Jason Neely)
