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British asset manager Aviva Investors has bought a 35% stake in Italian energy group Innovo Renewables, the two companies said on Tuesday. Under the deal, Aviva Investors, the asset...
Developer Altea Green Power is selling 2GW of battery storage projects in Italy with expected ready-to-build (RTB) status in Q2 2025.
The grid-scale energy storage market in Italy is set to become one of the most active in Europe having been close to non-existent until now.
Italy has "too many solar developers moving into storage" amidst battery storage cost inflation after last year's capacity market auction.
Innovo Group is targeting a six-hour duration, 1.5GW/9GWh lithium-ion BESS development portfolio in Italy and UK.