Aer Soléir and Altea Green Power partner for BESS projects worth 510MW in Italy
Irish developer Aer Soléir has announced that it has signed an investment and co-development deal for 510MW of battery storage projects in Italy with Turin-headquartered Altea Green Power.
The duo signed a Share Purchase Agreement along with co-development agreements relating to four large-scale battery energy storage system (BESS) projects.
Aer Soléir said the development work is already completed on each of them and the Dublin-based company has bought the sites from Altea Green Power ahead of construction.
Three are in Puglia province, in the 'heel' of Italy's boot-shaped geographical outline and the fourth is in Piedmont, in the country's northwest region.
The two companies noted that the development of large-scale battery storage is in line with national energy minister Roberto Cingolani's recent confirmation that Italy is setting a minimum renewable energy target of 70 percent by 2030.
Italy is also receiving a share of European Union post-pandemic economic recovery funding, of which a considerable portion is earmarked for green energy industry activities.
According to recently published data from analysis group Delta-EE, Italy is one of the four key markets leading Europe for energy storage deployment at present. The other three are Great Britain, Germany, and Aer Soléir's home market of Ireland.