Altea Green Power contacted Energy-Storage.news after publication to clarify that it would only be developing the projects and that the client that acquired them would be the one to build them.
Developer Altea Green Power has launched four battery energy storage system (BESS) projects in Italy, totalling 1GW of capacity.
The four sites in central-southern Italy are being called the ‘Black BESS’ project and will be completed by the first half of 2024. Alongside three other groups of projects, called Green, Blue and Yellow BESS, the project will contribute to Altea Green Power’s 2GW BESS portfolio in Italy.
Altea Green Power said it is in “advanced negotiations” for a co-development sale agreement with two international investors for the portfolio. By 2026 Altea is aiming to have developed a BESS capacity of 5.5GW throughout Italy.
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As Energy-Storage.news wrote in a recent edition of Solar Media’s quarterly journal PV Tech Power, Italy’s grid-scale market is set to boom in the next few years as more renewables come online and transmission system operator (TSO) Terna puts in place measures to facilitate its growth on the grid.
Altea describes itself as a developer and EPC (engineering, procurement and construction) firm and recently discussed a separate 2GW pipeline of BESS it was selling in Italy with Energy-Storage.news (Premium access). The company is also developing BESS projects in the ERCOT market in the US state of Texas.
Giovanni Di Pascale, CEO of Altea Green Power, commented on the start of construction of Black BESS: “We are convinced that this [energy storage] market constitutes the natural outlet and boost for renewable energy and that it has ample margin for evolution and growth. By 2026, in Italy, we aim to reach 5.5GW by making available all our engineering know-how gained over the years, thus consolidating our role as a reference player”.
BESS projects in Italy are likely to have a 4-5 hour duration as most of their activity will be energy-intensive activities like load shifting or capacity market provision.
Utility and IPP Enel is the most active in the country, announcing 1.6GW under construction earlier this year, most of which is in Sicily.
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