Nexta Capital Partners and Octopus Energy Generation secure Single Authorization for a 50 MW battery storage project in Northern Italy

Milan, August 26, 2025 – The joint venture between Nexta Capital Partners and Octopus Energy Generation, Octopus’s renewable arm, has obtained the Single Authorization (Autorizzazione Unica) from the Italian Ministry of the Environment and Energy Security (MASE) for the development of an innovative 50 MW Battery Energy Storage System (BESS) located in Northern Italy.

This major achievement marks a further step forward in Nexta’s development strategy, which already includes a pipeline of more than 500 MW of advanced-stage projects, and aims to reach a total capacity of 1500 MW. The approved BESS project will make a significant contribution to the flexibility and resilience of Italy’s national electricity grid, supporting the integration of renewable energy sources and accelerating the transition to a more sustainable energy model.

The management team at Nexta Capital Partners said:

"Securing this authorization confirms the strength of our vision and the ability of the Nexta team to successfully deliver complex projects with determination and expertise. We are also pleased to highlight the excellent collaboration with Octopus Energy Generation, a strategic partner in promoting innovative and sustainable energy solutions. We are proud to be actively contributing to the development of a more forward-looking and responsible energy future."

This result confirms the effectiveness of the path taken and reinforces the joint venture’s ongoing commitment to the development of advanced and sustainable energy solutions.