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home / news releases / SOL - Emeren Group to develop battery energy storage systems in Italy

SOL - Emeren Group to develop battery energy storage systems in Italy

Renesola Ltd. ADR

2023-06-27 06:22:42 ET

  • Emeren Group ( NYSE: SOL ) collaborates with Matrix Renewables, the TPG Rise-backed global renewable energy platform.
  • The partnership aims to execute a proprietary Development Service Agreement (or DSA) for the development of up to 1.5 GW of a portfolio of Battery Energy Storage Systems (BESS) in Italy.
  • The first portfolio of projects delivered and accepted by Matrix includes over 260 MW of standalone BESS projects.
  • This new collaboration is expected to open a new capacity market auction in late 2023 to boost the solar storage output in the country.

For further details see:

Emeren Group to develop battery energy storage systems in Italy
Stock Information
Company Name: Renesola Ltd. ADR
Stock Symbol: SOL
Market: NYSE
Website: renesolapower.com
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