Engie acquires two Italian 100 MW batteries from Recurrent Energy
Engie has quintupled the scale of its Italian battery energy storage system (BESS) capacity. Completion of the acquired sites is scheduled for 2028. The company told pv magazine the sites could receive funding in Italy’s Mercato a termine degli stoccaggi (MACSE) auction but other revenue streams could be exploited.
Engie Italia has purchased two 100 MW storage projects in Latiano, Puglia, from the Italian division of Recurrent Energy, a subsidiary of Canadian Solar.
“The plants could look at MACSE but also at other business models to enhance the value of the project,” the company told pv magazine Italia, confirming that construction is expected by 2028.
The acquisition, the value of which was not disclosed, will increase Engie’s BESS portfolio from 50 MW to 250 MW.
Engie aims to reach 1.6 GW of installed power in Italy by 2030. Before these acquisitions in Puglia, the company could count on 14 photovoltaic plants (152 MW), 17 wind farms (400 MW) and four storage batteries (48 MW).
From pv magazine Italia.
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