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

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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.

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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 Energy-Storage.news. 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 Energy-Storage.news 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.

Energy-Storage.news’ 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.

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