Investor NextEnergy Capital has received a US$110 million capital commitment for its solar PV and energy storage-focused fund, NextPower V ESG (NPV ESG).
Utility and IPP Enel has sold a 49% stake in its subsidiary that will own and operate 1.7GW of battery energy storage system (BESS) projects in Italy, to investor Sosteneo.
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.
Italy-headquartered energy storage solutions provider NHOA Energy grew revenues 33% in 2023 despite a 20% industry-wide drop in prices, it said in its full-year results.
Developer Ingrid Capacity and the storage arm of maritime firm BW Group are now building 14 BESS projects in Sweden with a combined capacity of over 200MW, with the latter also entering the Italian market.
Cubico Sustainable Investments has formed a joint venture (JV) with a local developer in Italy to develop 1GW-plus of battery energy storage system (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.
Executives from Europe-based developers/IPPs Aquila Clean Energy, Kyon Energy and BayWa r.e. look back at the major energy storage trends in 2023 and ahead to 2024.
