Emeren Inks Deal For Battery Energy Storage Development In Italy
Portfolio Pulse from Shivani Kumaresan
Emeren Group Ltd (NYSE:SOL) has partnered with Matrix Renewables to develop up to 1.5 GW of Battery Energy Storage Systems (BESS) in Italy. The first portfolio includes over 260 MW of standalone BESS projects. The deal is strategically relevant as Terna S.p.A. is expected to open a new capacity market auction in late 2023.
June 27, 2023 | 1:27 pm
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Emeren Group's partnership with Matrix Renewables to develop up to 1.5 GW of BESS in Italy could boost the company's growth and revenue.
The partnership with Matrix Renewables will allow Emeren Group to capitalize on the growing storage sector and potentially increase its revenue. The deal is strategically relevant as Terna S.p.A. is expected to open a new capacity market auction in late 2023, which could further boost the solar storage output in Italy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100