Aer Soléir signs 510MW Battery Storage DSA with Altea Green Power
Announcement
July 1, 2022
July 1, 2022
The agreement, already operational and signed at Leading Law Office – Notary Andrea Ganelli in Turin, sees the construction of 4 plants: one in Gravina di Puglia, two in Genzano, also in Puglia and one in Rondissone in Piedmont. The sites, already available to Altea Green Power, were sold to Aer Soléir together with the development activities already carried out.
The projects will see the two companies working closely together, enabling Altea Green Power to enhance its position as an important service integrator and Aer Soléir to continue to expand its presence in Italy.
Italy has received the largest share of the EU’s pandemic recovery fund. Around a third of the sum received is earmarked for supporting energy and climate objectives. Recently Italy’s minister for energy transition, Roberto Cingolani, confirmed that he had set a minimum target of 70 per cent renewable electricity by 2030. In order to achieve that target, it will be necessary to develop large scale battery storage plants concurrently with renewable energy technologies.
Marcus Horgan, Head of Investment Aer Soléir and Giovanni Di Pascale, CEO Altea Green Power
Andy Kinsella, CEO and Founding Partner at Aer Soléir said: “The agreement signed with Altea Green Power, an experienced developer in the Italian renewables market, represents another major milestone in Aer Soléir’s Italy growth strategy and general technological diversification. Italy is a very attractive market and we are delighted to be adding this battery storage portfolio to our existing wind and solar portfolios in Italy.”
Giovanni Di Pascale, Founder and CEO of Altea Green Power, states: “We are very proud of the agreement concluded with Aer Solèir, an international company of absolute standing, which will bring added value to both companies. This partnership is a fundamental path for Altea Green Power in a sector so innovative and strategic such as the storage”.
Aer Soléir and Altea Green Power deal teams