Enfinity Global has signed an equity and development partnership with a European investor to advance a 486-megawatt (MW) battery energy storage project in Italy, the company said on Thursday.
The facility, to be built in the Emilia Romagna region, will provide 1,944 megawatt-hours (MWh) of energy storage with a four-hour duration. Under the agreement, Enfinity will oversee the permitting process to facilitate the project’s development and future commissioning.
“This strategic equity and development partnership underscores the exceptional quality of our geographically diversified portfolio in Italy and highlights our proven execution capabilities,” said Julio Fournier Fisas, general manager for Europe at Enfinity Global. “Together with our partners, we are accelerating the deployment of critical infrastructure that will enable Italy to achieve its climate goals while fostering economic growth.”
The deal marks a new step in the company’s capital formation strategy and strengthens its position in Italy’s energy transition efforts.
Enfinity Global’s Italian portfolio includes 2.6 gigawatts (GW) of solar and 5.3GW of battery storage capacity. Of this, 245MW is currently operational and 564MW is under construction.
The company said integrating large-scale storage with solar PV will support grid stability while providing cost-effective clean energy to enhance Italy’s industrial competitiveness and sustainability.
