Emeren Group announced the co-development agreement of 199 MW (up to 1.59GWh of capacity) of Battery Storage Projects in two regions of Southern Italy with Nuveen Infrastructure, rebranded from Glennmont Partners.
This agreement marks the final stage in the portfolio collaboration between Emeren and Nuveen, achieving a total power capacity of 354 MWp (up to 2.83GWh).
The partnership will involve Nuveen and Emeren jointly developing two additional stand-alone Battery Storage Projects in the Apulia region of Southern Italy. These projects are scheduled to enter the construction stage in mid 2025 and begin operations in early 2026.
Yumin Liu, Chief Executive Officer at Emeren Group, said: “This agreement demonstrates the recognition of our capability to develop and build projects to the highest standards, partnering with one of the world’s largest fund managers investing in clean energy.
Italy is one of Emeren’s fastest growing markets in Europe, with a total solar project pipeline exceeding 750 MWp and a storage pipeline exceeding 17.1 GWh.
“As the clean energy transition continues at pace in Apulia and in Europe more widely, projects such as these will be critical to adding flexibility to the renewables sector whilst providing clear and consistent returns for investors,” Francesco Cacciabue, Global Head of Clean Energy Investments at Nuveen Infrastructure, said.