Emeren Group Ltd, a leading global solar project developer, owner, and operator, has announced the successful sale of a state-of-the-art portfolio comprising five Battery Energy Storage Systems (BESS) in Italy to Matrix Renewables (“Matrix”). This transaction marks a significant milestone within the framework of the proprietary Development Service Agreement (DSA) jointly executed in June, delineating the ambitious development of an extensive 1.5 GW BESS portfolio. This achievement represents the second collaborative deal between Emeren and Matrix, signifying substantial growth in the partnership and reinforcing Emeren’s position as a leading entity in the renewable energy sector.
The five projects feature cutting-edge standalone storage systems, with a cumulative capacity of 3,787 MWh. The entire portfolio is strategically located in the Italian southern region of Apulia, significantly enhancing the regional energy infrastructure. The Ready-To-Build status is expected to be achieved by late 2024.
Yumin Liu, CEO of Emeren Group, commented, “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, commented, “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.”