Emeren Group and Arpinge Partner to Develop 300 MW Battery Storage Portfolio in Italy
Emeren Group (NYSE: SOL) has announced a co-development agreement with Arpinge to develop a 300 MW Battery Energy Storage System portfolio in Southern Italy. This partnership marks Emeren's fourth collaboration with an Italian ESG-aligned investment leader and adds to their existing 1.37 GW BESS permitting pipeline in Italy. The project aims to support Italy's clean energy transition goals by accelerating the permitting and development process. The partnership demonstrates Emeren's strategic focus on high-value battery storage opportunities and their ability to secure partnerships with top-tier investors through their Development Service Agreement model.
Emeren Group (NYSE: SOL) ha annunciato un accordo di co-sviluppo con Arpinge per sviluppare un portafoglio di 300 MW di sistemi di accumulo di energia a batteria nel sud Italia. Questa partnership segna la quarta collaborazione di Emeren con un leader di investimenti allineato con l'ESG in Italia e si aggiunge alla loro pipeline di permessi esistente di 1,37 GW di BESS in Italia. Il progetto mira a supportare gli obiettivi di transizione energetica pulita dell'Italia accelerando il processo di permesso e sviluppo. La partnership dimostra il focus strategico di Emeren su opportunità di accumulo di batterie ad alto valore e la loro capacità di garantire collaborazioni con investitori di alto livello attraverso il loro modello di Accordo di Servizio di Sviluppo.
Emeren Group (NYSE: SOL) ha anunciado un acuerdo de co-desarrollo con Arpinge para desarrollar un portafolio de 300 MW de sistemas de almacenamiento de energía en baterías en el sur de Italia. Esta asociación marca la cuarta colaboración de Emeren con un líder de inversión alineado con ESG en Italia y se suma a su actual pipeline de permisos de 1,37 GW de BESS en el país. El proyecto tiene como objetivo apoyar las metas de transición energética limpia de Italia al acelerar el proceso de permisos y desarrollo. La asociación demuestra el enfoque estratégico de Emeren en oportunidades de almacenamiento de baterías de alto valor y su capacidad para asegurar asociaciones con inversores de primer nivel a través de su modelo de Acuerdo de Servicio de Desarrollo.
Emeren Group (NYSE: SOL)은 남부 이탈리아에서 300 MW 배터리 에너지 저장 시스템 포트폴리오를 개발하기 위해 Arpinge와 공동 개발 협정에 서명했다고 발표했습니다. 이번 파트너십은 Emeren이 이탈리아에서 ESG에 맞는 투자 선두주자와 맺은 네 번째 협력이며, 현재 이탈리아에 있는 1.37 GW BESS 허가 파이프라인에 추가됩니다. 이 프로젝트는 이탈리아의 청정 에너지 전환 목표를 지원하기 위해 허가 및 개발 프로세스를 가속화하는 것을 목표로 합니다. 이 파트너십은 Emeren이 높은 가치의 배터리 저장 기회에 전략적으로 집중하고 있음을 보여주며, 개발 서비스 계약 모델을 통해 정상급 투자자와의 파트너십을 확보할 수 있는 능력을 나타냅니다.
Emeren Group (NYSE: SOL) a annoncé un accord de co-développement avec Arpinge pour développer un portefeuille de 300 MW de systèmes de stockage d'énergie par batteries dans le sud de l'Italie. Ce partenariat marque la quatrième collaboration d'Emeren avec un leader d'investissement aligné sur l'ESG en Italie et s'ajoute à leur pipeline de permis BESS de 1,37 GW déjà existant dans le pays. Le projet vise à soutenir les objectifs de transition énergétique propre de l'Italie en accélérant le processus de permis et de développement. Ce partenariat démontre l'accent stratégique d'Emeren sur les opportunités de stockage de batteries à forte valeur et leur capacité à établir des partenariats avec des investisseurs de premier plan grâce à leur modèle d'accord de service de développement.
Emeren Group (NYSE: SOL) hat eine Co-Entwicklungsvereinbarung mit Arpinge angekündigt, um ein Portfolio von 300 MW Batteriespeichersystemen in Süditalien zu entwickeln. Diese Partnerschaft markiert Emerens vierte Zusammenarbeit mit einem italienischen ESG-ausgerichteten Investmentführer und erweitert ihre bestehende Genehmigungspipeline von 1,37 GW BESS in Italien. Das Projekt zielt darauf ab, die Ziele der sauberen Energiewende in Italien zu unterstützen, indem der Genehmigungs- und Entwicklungsprozess beschleunigt wird. Die Partnerschaft zeigt Emerens strategischen Fokus auf wertvolle Möglichkeiten der Batteriespeicherung und deren Fähigkeit, Partnerschaften mit erstklassigen Investoren durch ihr Entwicklungsdienstleistungsvereinbarungsmodell zu sichern.
- Secured partnership for 300 MW BESS development in Southern Italy
- Strong existing BESS pipeline of 1.37 GW in permitting phase
- Fourth strategic partnership with Italian ESG-aligned investors
- None.
Insights
The 300 MW BESS portfolio development agreement in Southern Italy represents a significant strategic expansion for Emeren Group. With their existing 1.37 GW permitting pipeline, this deal strengthens their position in Italy's growing energy storage market. Key value drivers include:
- Strategic market positioning in Italy's rapidly evolving energy storage sector
- Revenue potential through the Development Service Agreement (DSA) model
- Enhanced project execution capability through partnership with an established Italian infrastructure investor
The partnership with Arpinge, their fourth with an Italian ESG-focused investor, demonstrates strong local market penetration and validates their development capabilities. Battery storage projects typically generate attractive returns through multiple revenue streams including grid services, energy arbitrage and capacity payments. This portfolio could generate meaningful recurring revenue once operational.
This deal showcases Emeren's execution of their strategic pivot towards high-value battery storage opportunities. The Italian market presents compelling fundamentals due to:
- Strong regulatory support for energy storage to enable renewable integration
- Growing demand for grid stability services
- Attractive incentive mechanisms for battery storage assets
This partnership strengthens Emeren's growing presence in
Yumin Liu, CEO of Emeren Group, commented, "This partnership with Arpinge marks a promising step forward in our strategic expansion within
Federico Merola, CEO of Arpinge Group, commented, "Collaborating with Emeren on this significant battery storage portfolio underscores our commitment to sustainable infrastructure investments that align with
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.
About Arpinge
Arpinge is a permanent capital vehicle set up as a joint-stock company by three institutional investors – the Italian pension funds of Cassa Geometri, Eppi and Inarcassa – to invest in infrastructure, taking into account the portfolio resilience and sustainability, and to act as a promoter of greenfield projects. The Group operates in full compliance with the ESG principles and is currently active in all three main energy transition segments: Renewables, especially in the wind and photovoltaic sectors; Energy Efficiency and Mobility, where the company is the leading Italian investor in the parking sector and fourth by number of parking spaces operated in
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
View original content to download multimedia:https://www.prnewswire.com/news-releases/emeren-group-and-arpinge-partner-to-develop-300-mw-battery-storage-portfolio-in-italy-302296174.html
SOURCE Emeren Group Ltd
FAQ
What is the size of Emeren Group's (SOL) new battery storage project in Italy?
What is Emeren Group's (SOL) total BESS pipeline in Italy as of November 2024?
Who is Emeren Group's (SOL) partner for the new 300 MW BESS project in Italy?
