Greenvolt Power has secured a 499MWh contract for one of its battery storage projects in Italy’s first large-scale battery storage auction.
The 75MW battery storage project is located in the South and Calabria area, and will be Greenvolt’s first 8-hour Li-Ion battery system.
Greenvolt Group CEO João Manso Neto said: “We are very pleased with the outcome of the Italian auction, achieved in a highly competitive context.
“Batteries, a sector in which Greenvolt is one of the leading European players, are fundamental to ensuring grid stability at a time of strong expansion of renewable energy. At the same time, this 15-year contract represents a clear reinforcement of our operations in the Italian market.”
Italy’s MACSE (Electric Storage Procurement Mechanism) auction awarded 10GWh of capacity altogether, out of 40GWh of bids submitted.
The MACSE auction, the first of three planned until 2028, was launched by TERNA to ensure system flexibility and support the decarbonisation of Italy’s power sector.
Two further auctions are scheduled until 2028, with the goal of reaching 70 GWh of operational capacity by 2030.