Emeren and Arpinge Close Final 162 MW of 462 MW Battery Storage Portfolio Under Development Service Agreement in Italy
Emeren Group (NYSE: SOL) has completed the second round of its Battery Energy Storage System (BESS) portfolio development with Arpinge in Italy. The new round adds 162 MW (1.4 GWh) of standalone BESS projects in Sicily, bringing the total portfolio to 462 MW when combined with the previously announced 300 MW tranche from November 2024.
The projects are part of Emeren's Development Service Agreement (DSA) strategy, through which the company has secured contracts with nine partners for 28 projects totaling over 2.1 GW (84% BESS, 16% PV). These agreements are expected to generate over $69 million in contracted revenue within 2-3 years, with an additional 2.0 GW of projects under negotiation.
Emeren Group (NYSE: SOL) ha completato il secondo round dello sviluppo del proprio portafoglio di Sistemi di Stoccaggio di Energia da Batteria (BESS) con Arpinge in Italia. Questo nuovo round aggiunge 162 MW (1,4 GWh) di progetti BESS autonomi in Sicilia, portando il portafoglio totale a 462 MW, combinato con la tranche di 300 MW precedentemente annunciata nel novembre 2024.
I progetti fanno parte della strategia dell'Accordo di Servizio di Sviluppo (DSA) di Emeren, attraverso cui l'azienda ha acquisito contratti con nove partner per 28 progetti che totalizzano oltre 2,1 GW (84% BESS, 16% FV). Questi accordi dovrebbero generare oltre 69 milioni di dollari di ricavi contrattuali entro 2-3 anni, con ulteriori 2,0 GW di progetti in negoziazione.
Emeren Group (NYSE: SOL) ha completado la segunda ronda de desarrollo de su portafolio de Sistemas de Almacenamiento de Energía de Batería (BESS) con Arpinge en Italia. Esta nueva ronda agrega 162 MW (1.4 GWh) de proyectos BESS independientes en Sicilia, llevando el portafolio total a 462 MW al combinarlo con la tranche de 300 MW anunciada anteriormente en noviembre de 2024.
Los proyectos son parte de la estrategia del Acuerdo de Servicio de Desarrollo (DSA) de Emeren, a través del cual la empresa ha asegurado contratos con nueve socios para 28 proyectos que totalizan más de 2.1 GW (84% BESS, 16% FV). Se espera que estos acuerdos generen más de 69 millones de dólares en ingresos contratados en un plazo de 2-3 años, con 2.0 GW adicionales de proyectos en negociación.
Emeren Group (NYSE: SOL)은 이탈리아의 Arpinge와 함께 배터리 에너지 저장 시스템(BESS) 포트폴리오 개발의 두 번째 라운드를 완료했습니다. 이번 라운드는 시칠리아에서 162 MW (1.4 GWh)의 독립형 BESS 프로젝트를 추가하여, 2024년 11월에 발표된 300 MW의 트랜치와 합산했을 때 총 포트폴리오 용량이 462 MW에 도달합니다.
이 프로젝트들은 Emeren의 개발 서비스 계약(DSA) 전략의 일환으로, 회사는 28개의 프로젝트를 위해 아홉 개의 파트너와 계약을 체결했습니다. 총 용량은 2.1 GW 이상입니다(84% BESS, 16% PV). 이 계약들은 향후 2-3년 내에 6,900만 달러 이상의 계약 수익을 발생시킬 것으로 예상되며, 추가로 2.0 GW 규모의 프로젝트가 협상 중입니다.
Emeren Group (NYSE: SOL) a achevé le deuxième round de développement de son portefeuille de Systèmes de Stockage d'Énergie par Batterie (BESS) avec Arpinge en Italie. Ce nouveau round ajoute 162 MW (1,4 GWh) de projets BESS autonomes en Sicile, portant le portefeuille total à 462 MW lorsqu'il est combiné avec la tranche de 300 MW annoncée précédemment en novembre 2024.
Les projets font partie de la stratégie de l'Accord de Service de Développement (DSA) d'Emeren, par lequel l'entreprise a sécurisé des contrats avec neuf partenaires pour 28 projets totalisant plus de 2,1 GW (84% BESS, 16% PV). Ces accords devraient générer plus de 69 millions de dollars de revenus contractuels dans les 2 à 3 ans, avec 2,0 GW de projets supplémentaires en cours de négociation.
Emeren Group (NYSE: SOL) hat die zweite Runde der Entwicklung seines Portfolios von Batterie-Energiespeichersystemen (BESS) mit Arpinge in Italien abgeschlossen. Diese neue Runde fügt 162 MW (1,4 GWh) eigenständige BESS-Projekte in Sizilien hinzu, wodurch das gesamte Portfolio auf 462 MW wächst, wenn man die zuvor angekündigte Tranche von 300 MW aus November 2024 hinzufügt.
Diese Projekte sind Teil der Strategie des Entwicklungsservicevertrags (DSA) von Emeren, durch die das Unternehmen Verträge mit neun Partnern für 28 Projekte über insgesamt mehr als 2,1 GW (84% BESS, 16% PV) gesichert hat. Es wird erwartet, dass diese Vereinbarungen innerhalb von 2-3 Jahren mehr als 69 Millionen Dollar an vertraglichen Einnahmen generieren, während 2,0 GW zusätzliche Projekte in Verhandlung sind.
- Secured contracts for 2.1 GW of projects with nine partners
- Expected revenue of $69 million within 2-3 years from DSA contracts
- Additional 2.0 GW of projects under negotiation
- Successful completion of 462 MW BESS portfolio in Italy
- None.
Insights
The completion of Emeren's 462 MW BESS portfolio deal with Arpinge marks a strategic milestone in Italy's energy storage landscape. The 162 MW addition in Sicily, combined with the previous 300 MW tranche, positions this as one of the largest battery storage portfolios in Southern Europe. The DSA model's success is evident in the
The Sicily location is particularly strategic - the island's grid infrastructure faces stability challenges and has substantial renewable penetration, making battery storage important for grid balancing. These BESS projects could capture multiple revenue streams through capacity markets, ancillary services and energy arbitrage opportunities in the Italian electricity market.
The broader portfolio of 2.1 GW under DSA contracts, with
This transaction significantly enhances Emeren's financial outlook. The DSA model represents a capital-efficient approach to monetizing development expertise while maintaining a lean balance sheet. The
The completion of this portfolio validates Emeren's execution capabilities and could lead to premium valuations compared to pure-play solar developers. The company's pivot toward battery storage through DSA partnerships reduces development risks while maintaining upside exposure to the rapidly growing energy storage market. For retail investors, this represents a differentiated play on the energy transition theme, with a focus on the high-growth Italian market where regulatory support for storage is strengthening.
With this addition, the portfolio now totals 462 MW, combining the newly announced 162 MW with the 300 MW tranche initially announced in November 2024. These projects collectively complete the portfolio under the DSA framework.
These projects are part of Emeren's DSA portfolio, a cornerstone of the Company's growth strategy. The DSA structure enables Emeren to monetize its development expertise through partnerships with top-tier investors. As of September 30, Emeren has secured DSA contracts with nine partners, encompassing 28 projects totaling over 2.1 GW—
Yumin Liu, CEO of Emeren Group, commented, "These significant BESS projects in
For additional information on the initial partnership announcement, please refer to the press release: Emeren Group and Arpinge Partner to Develop 300 MW Battery Storage Portfolio.
About Emeren Group Ltd
Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com.
For investor and media inquiries, please contact:
Emeren Group Ltd - Investor Relations
+1 (925) 425-7335
ir@emeren.com
The Blueshirt Group
Gary Dvorchak
+1 (323) 240-5796
gary@blueshirtgroup.co
[1] Q3 2024 Letter to Shareholder at https://ir.emeren.com/static-files/e755cb70-398a-4052-899c-c283e77eeb4b.
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SOURCE Emeren Group Ltd
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