Solar developer Emeren has signed a co-development agreement for 155MW of battery storage schemes in two regions of southern Italy with Glennmont Partners.
As part of the transaction, Glennmont and Emeren will co-develop a project portfolio in Campania and Puglia, scheduled to enter the construction stage in late 2025 and begin operations in early 2027.
These sites are scheduled to enter the construction stage in late 2025 and begin operations in early 2027.
Emeren Group chief executive Yumin Liu said: “Teaming up with Glennmont Partners represents a significant move in expanding our project portfolio in Italy, especially in the realm of battery storage capacity.
“Collaborating with one of Europe’s largest specialist renewable energy fund managers aligns well with Emeren’s long-term strategy, as we trust their expertise to drive successful project development, thus advancing our shared goal of a greener future.”
Glennmont’s chief financial officer and partner Francesco Cacciabue added: “We are delighted to partner with Emeren Group in developing battery storage capacity in Southern Italy.
“These projects have the potential to make a significant impact on renewable energy investment goals in the region and beyond.
“With advancements in battery storage technology, we believe this new portfolio will not only generate strong returns for investors but also enhance the resilience of the renewable energy sector on a larger scale.”