Emeren Group sells 3.8GWh of Italian storage to Matrix Renewables

Solar developer Emeren Group has sold a portfolio of five battery energy storage systems (BESS) - with a total capacity of nearly 3.8GWh - in Italy to Matrix Renewables.

The five projects feature standalone storage systems, with a cumulative capacity of 3,787 MWh, are located in the Italian southern region of Apulia. Ready-to-build status is expected to be achieved by late 2024.

Yumin Liu, CEO of Emeren Group, said: "We are extremely proud of this transaction, which is also evidence of Emeren's unwavering commitment and our ability to deliver on our growth promises. We are not only reinforcing our leadership in the European storage pipeline development, but we are also setting new industry benchmarks, particularly in Italy. We are also extremely glad that the partnership with Matrix is flourishing, bringing mutual success and expansion opportunities to both entities in this rapidly evolving sector."

Chris Matthews, MD for Europe at Matrix Renewables, added: "Our partnership with Emeren underscores our commitment to driving renewable energy expansion and sustainability in the vibrant Italian market. The acquisition of the 410 MW BESS portfolio significantly advances our mission to reshape the energy landscape and fortify the resilience of the power grid."