Ferrari, the iconic Italian car manufacturer, has partnered with Enel X, a renewable energy solutions company, to create Italy’s first-ever Renewable Energy Community (REC) in the towns of Fiorano and Maranello. The project aims to install a 1 Megawatt (MW) photovoltaic system on 10,000 m² of unused land owned by Ferrari adjacent to the Fiorano Circuit. The system will generate an average production of around 1,500 MWh for 20 years. The energy generated by the photovoltaic system will be entirely made available to the local community. The REC is expected to avoid 450 tons of CO2 emissions per year which is equivalent to the emissions produced by approximately 100 passenger vehicles in a year.

The Ferrari Energy Community will be open to any public or private entity in Fiorano and Maranello, including citizens, institutions, commercial activities, and factories. Members of the REC will have access to renewable energy and can also become renewable energy prosumers by installing or connecting additional photovoltaic power generation systems, such as on their own roofs. The REC will use Enel X’s renewable energy solutions.

The project will have both an environmental and socio-economic impact on the community. By using locally produced renewable energy, CO2 emissions will be reduced, and energy waste during distribution will be avoided. The energy community will also provide significant savings in energy bills for its members.

“Sustainability is a priority for us: not only do we aim to achieve carbon neutrality by 2030, but we also want to be a catalyst for a wider change,” said Benedetto Vigna, Ferrari CEO. “The Ferrari Energy Community is a concrete example of the possible synergy between an industry and the community in which it operates, and a model that can bring important benefits to the Italian energy system. Because of its scalability and replicability, it can accelerate the process of decarbonisation while reducing the cost of energy for citizens and businesses”.