en.Wedoany.com Reported - Octopus Energy Generation, a professional renewable energy investor, has reached an agreement with ZE Energy, an independent renewable energy producer, to jointly invest in the Sessa Aurunca battery energy storage project in the Campania region of Italy. This project is one of the largest battery projects in Italy, developed by ZE Energy, a key player in European battery energy storage solutions. The battery system will store surplus green electricity when sunlight is abundant and wind is strong, and feed it back into the grid when needed by homes and businesses.
The project is in its final development stage, with construction expected to begin this summer and operations to commence in 2028. Once operational, it will become the largest independent battery in central and southern Italy. The battery will be capable of storing enough electricity to meet the daily needs of approximately 130,000 Italian households, with a capacity of 98.5 MW/895 MWh. It will be connected to a substation serving multiple power generators, forming a local energy hub to ensure the smooth flow of clean electricity through the grid.
The project has secured support from system operator Terna through Italy's MACSE tender program, obtaining a 15-year fixed contract that accounts for 42% of the capacity awarded in the region. For ZE Energy, this deal marks a significant shift in its Italian strategy, confirming its ability to develop and deliver large-scale battery energy storage projects in a competitive market.
Octopus's investment, made on behalf of its managed Sky fund (ORI SCSp), is the latest in a series of transactions by Octopus Energy Generation's fund management team in Italy. Through investments in developers, Octopus's generation division holds a substantial pipeline of Italian projects, including over 2 GW of new battery storage sites, wind and solar farms, and corporate rooftop solar projects. This latest deal comes as Italy accelerates toward its clean energy target of generating 70% of its electricity from renewables by 2030, supported by 10 GW of battery storage.
Alex Brierley, Co-Head of Octopus Energy Generation's fund management team, stated that wind and solar are the cheapest forms of energy, but these clean, low-cost resources are often wasted. Batteries can solve this problem, reducing waste while lowering electricity bills for consumers. Nicolas Wolff, CEO of ZE Energy, added that Italy's targets of 10 GW of battery capacity and 80 GW of solar photovoltaic capacity by 2030 make Italy a key country in its 2030 strategic plan. The partnership with Octopus Energy Generation will help ZE Energy achieve its goal of 1.5 GW of installed capacity by 2030.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
