1. Enerside’s project in Sardinia is one of the largest in Italy, with RTB status expected in 2025.
2. German consulting firm Capcora was the sell-side advisor for the deal with Enerside, and the value has not been disclosed.
3. Italy’s renewable energy development pipeline has grown, with a focus on grid-scale energy storage, including a capacity market auction by Terna.
Enerside is working on one of Italy’s largest solar projects in Sardinia, covering 900 hectares with plans for crops and sheep grazing. The project is expected to be ready for construction by 2025. Enerside enlisted Capcora as a sell-side advisor for the undisclosed deal with Alternative Green Energy Italy Holco 2 (AGE) for 2.6GW of solar PV projects.
Italy has seen significant growth in its renewable energy sector, with updated national clean energy targets leading to a surge in grid-scale energy storage projects. Terna, the country’s transmission system operator, is launching a capacity market auction with EU funding to support 8GW/71GWh of large-scale energy storage under long-term contracts.
Sardinia is a hub for renewable energy projects in Italy, including Enerside’s 2-hour duration battery energy storage system (BESS) project. Larger BESS projects, like the 1GW-plus portfolio from Enel, are also on the rise in the region. Enerside’s decision to opt for a shorter duration BESS stands out in a market where many projects are pursuing at least 4-hour systems.