Solar and storage developer Emeren has sold two battery projects in Italy to Matrix Renewables.
The projects have a total capacity of 293MW and a discharge duration of 4-8 hours.
They are located in Apulia and Lazio, with the latter entering a strategically significant area that is not highly congested but addresses important grid nodes for balancing purposes.
Ready-to-build status for both projects is expected to be achieved by early 2025.
This transaction demonstrates the Emerson’s capability to fulfil commitments outlined in the proprietary Development Service Agreement (DSA) signed jointly in June.
Within six months, Emeren has achieved a “significant milestone”, delivering around 1GW in development, approaching its 1.5GW battery energy storage system (BESS) portfolio target.
This achievement represents the execution capability within the frame of the partnership with Matrix.
Yumin Liu, CEO of Emeren Group, said: “We are excited to be part of the ever-growing partnership and joint venture with Matrix Renewables, Enerpoint and Kaizen, as it shows we are dedicated to the solar plus storage strategy and mission within Emeren.
“While making strides and progress within our storage pipeline execution, we have now successfully sold over 975MW of battery storage projects in Italy.
“We are proud of our accomplishments and look forward to new developments as we move into 2024.”