Energy storage developer Pacific Green has entered Italy by acquiring a 500MW portfolio of BESS projects.
The acquisition is from developer Sphera Energy Srl. The portfolio includes five battery energy storage system (BESS) projects totalling 500MW/2,800MWh.
As per Pacific Green CEO Scott Poulter, the project will have an energy capacity of “between two to three gigawatt hours”, and said, at 3GWh the projects would have an average discharge duration of six hours.
The latest development comes at a time when Italy has become a hotspot of energy storage development activity this year.
As per the company announcement, Pacific Green has acquired a 51% interest in the projects and will acquire the remainder in later stages.
It further stated that the first project, a 100MW system in the Campania region, has been submitted to regulators for permitting and the other four will follow in the coming months.
The projects are likely to enter operation in 2025.