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    Emeren Group and Glennmont Partners Co-Developing 155 MW of Battery Storage Projects in Southern Italy

    March 19, 2024
    The companies will co-develop two stand-alone battery storage projects in Campania and a 150 MWp project portfolio in Campania and Puglia
    Department of Energy
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    Emeren Group, a global solar project developer, owner, and operator, has signed a co-development agreement with Glennmont Partners from Nuveen, a fund manager investing in clean energy, for 155 MW (up to 1.24 GWh of capacity) of battery storage projects in two regions in Southern Italy.

    Under the partnership, the organizations will jointly develop two stand-alone battery storage projects in the Campania region of Southern Italy. They will also co-develop a project portfolio in Campania and Puglia with a combined capacity exceeding 150 MWp. 

    The projects are expected to begin construction in late 2025, while operations will commence by early 2027. 

    "These projects have the potential to make a significant impact on renewable energy investment goals in the region and beyond,” said Francesco Cacciabue, Partner and CFO at Glennmont Partners. “With advancements in battery storage technology, we believe this new portfolio will not only generate strong returns for investors but also enhance the resilience of the renewable energy sector on a larger scale."

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.