Ellomay Capital Acquires 51.75 MW / 207 MWh Ready-to-Build BESS Project in Northern Italy
Ellomay Capital Ltd. has signed an agreement to acquire 100% of a project company holding a 51.75 MW / 207 MWh ready-to-build battery energy storage system in Northern Italy. The transaction marks Ellomay's first battery storage investment in Italy, with revenue stacking across the capacity market, day-ahead and intraday trading and grid stability services. Conditions precedent must be satisfied by end of 2027.
Transaction date: · Source: ellomay.com
Key facts
- Transaction date
- Technology
- Battery Storage (BESS)
- Capacity
- 52 MW
- Transaction price
- Not disclosed
- Buyer
- Ellomay Capital
- Country
- Italy
- Region
- Northern Italy
- Continent
- Europe
- Development status
- Ready-to-Build
- PPA
- n.a.
Technology details
51.75 MW / 207 MWh (4-hour duration) battery energy storage system, acquired as a ready-to-build project. Revenue model combines capacity market, day-ahead and intraday trading and grid stability services. Conditions precedent must be satisfied by end of 2027.
Additional information
Transaction structured as 100% acquisition of the share capital of the project company by Ellomay Luxembourg Holdings S.à r.l. Seller not disclosed. Marks Ellomay's first battery storage project in Italy and its entry into the Italian electricity storage market. Ellomay (NYSE American; TASE: ELLO) is an Israeli-based renewable energy company with existing assets in Spain, Italy, Netherlands, Israel and Texas, USA. The company is pursuing additional storage opportunities in Italy and Spain.
Source
Original announcement: https://ellomay.com/press-releases/ellomay-enters-the-italian-battery-storage-market-with-the-execution-of-an-agreement-to-acquire-a51-75-mw-207-mwh-4-hour-project-in-northern-italy/