Emeren teams up with Arpinge on 300-MW Italian battery portfolio

Solar and energy storage developer Emeren Group Ltd (NYSE:SOL) on Tuesday unveiled an agreement with Arpinge to jointly develop a 300-MW portfolio of battery energy storage systems (BESS) in southern Italy.

Arpinge is a permanent capital vehicle focused on sustainable infrastructure, set up by the Italian pension funds of Cassa Geometri, Eppi and Inarcassa.

This is Emeren's latest Italian partnership, strengthening its presence in the country's BESS market. The company says it has already achieved 1.37 GW in the permitting pipeline in Italy.

“Our success in securing partnerships with top-tier investors like Arpinge reflects Emeren's capability to capture market opportunities early and drive significant value through our proven Development Service Agreement (DSA) model,” according to Yumin Liu, CEO of Emeren Group, which was once known as ReneSola.

Arpinge Group CEO Federico Merola said the collaboration underscores the firm’s commitment to sustainable infrastructure investments in line with Italy's energy transition objectives. “This partnership leverages our combined expertise to accelerate the development of critical energy storage solutions, enhancing grid stability and supporting the integration of renewable energy sources," Merola added.

In the Italian BESS market, Emeren has also formed alliances with PLT energia Srl, Nuveen Infrastructure and Matrix Renewables.

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