PPC, Metlen join hands to develop 3 GWh of battery storage in Romania, Bulgaria, Italy
Greek companies PPC Group and Metlen have established a joint venture to develop, construct, and operate a portfolio of battery energy storage projects across Romania, Bulgaria, and Italy.
The portfolio will comprise up to 1,500 MW / 3,000 MWh across the three countries, with 1,000 MW expected to be implemented within the next 12 months.
Metlen told pv magazine Italia that 50 MWh of these projects will be located in Italy. The Greek company is increasing its exposure to the Italian BESS market, which it considers attractive due to its “fixed and predictable revenues.”
“The MACSE came a little late, slightly behind our strategic pipeline,” said Antonella Martina, senior energy origination manager. She noted that the company did not participate in the MACSE mechanism, instead entering the Capacity Market with two 25 MW BESS projects with durations of two to three hours.
Metlen has also taken part in other mechanisms, including Fast Reserve. “Flexibility contracts are much more complex than PPAs and therefore require technical, energy, and trading capabilities. The Fast Reserve project served as an internal training ground,” Martina said.
Across all three markets, the portfolio will support the operation of adjacent photovoltaic and wind parks.
For PPC Group, the agreement secures the implementation of a significant portion of its energy storage target for the next three years. The terms of the deal also help ensure high construction quality and smooth operation, with projects geographically diversified across countries where the group already operates.
For Metlen, the collaboration represents a key milestone in executing its strategy to build a strong presence in energy storage projects across Europe, leveraging its expertise in the development, construction, and operation of energy infrastructure.
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