The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Emeren-Matrix Italy partnership reaches 1GW of transferred BESS projects


Developer Emeren has sold two more Italy BESS projects to Matrix Renewables totalling 293MW, bringing the total projects developed and transferred to 1GW.

The two projects in Apulia and Lazio are the latest in a development services agreement (DSA) the pair signed in June 2023 with the aim of co-developing 1.5GW of battery energy storage system (BESS) projects in Italy.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Emeren said the projects are in a ‘strategically significant area that is not highly congested but addresses important grid nodes for balancing purposes’ and that they would reach ready-to-build status by early 2025.

It brings the total transferred to Matrix Renewables as part of the DSA to ‘around 1GW’. The pair agreed on a five-project, 410MW deal in November as covered by Those were described as 8-hour projects while the recent two were described as 4-8 hour.

The ultimate size and duration of the projects are likely to be determined closer to the RTB status being achieved.

As wrote in a special feature for a recent edition of Solar Media’s quarterly technical journal PV Tech Power, the grid-scale BESS market looks set to flourish in the next few years as grid operator Terna seeks to integrate growing renewable generation.

The business case will largely be built around capacity markets and time-shifting of renewable generation meaning projects will be in the 4-8-hour duration range.

Just before Christmas, The EU Commission approved a €17.7 billion (US$19.5 billion) state aid scheme in Italy to fund the rollout of the 9GW/71GWh of new energy storage that Terna has said the country needs.’ publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

Read Next

March 1, 2024
London Stock Exchange-listed battery storage investment firm Harmony Energy Income Trust (HEIT) has predicted that it can generate “attractive returns” despite the ongoing woes in battery energy storage revenues in the GB market.
March 1, 2024
Italy grid-scale energy storage market opportunities unlike anywhere else, but many challenges and uncertainties around the different revenue streams remain, including the upcoming MACSE capacity market auction.
February 29, 2024
We hear from industry sources about why we’ve seen a flurry of investors acquiring energy storage developer-operators in the UK and Germany, Europe’s two largest markets by BESS deployments.
February 28, 2024
Energy Storage Canada (ESC) is “thrilled” that the Canada Infrastructure Bank’s (CIB’s) investment into a large-scale battery storage portfolio will enable Indigenous communities to hold a stake in it.  
February 28, 2024
Spain and the Netherlands have launched subsidy schemes to support domestic manufacturing of clean energy technologies, including batteries and solar PV modules.

Most Popular

Email Newsletter