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Aer Soléir and Altea Green Power partner for BESS projects worth 510MW in Italy

Image Courtesy: Aer Soléir

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. 

Author : Debi Dash
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