US renewables developer Emeren Group has sold two battery energy storage systems (BESS) in Italy with 293MW of capacity to Matrix Renewables.

The sale is part of a DSA between Emeren and Matrix in June 2023 for the development of 1.5GW in the BESS portfolio.

The two projects are located in Apulia and Lazio.

The projects include advanced storage systems with a combined capacity of 293MW. The discharge duration of each of the projects ranges between four and eight hours. They are expected to reach ready-to-build status by early 2025.

Under the DSA, a new joint venture (JV) known as Gravel A was formed, consisting of Emeren’s subsidiary, Enerpoint, and Kaizen Invest.

The JV is working with Matrix to use its collective expertise in the renewable energy sector.

The DSA also includes non-refundable payments that Matrix will grant to Emeren for every onboarded project within the framework, along with the achievement of each development target.

Emeren Group CEO Yumin Liu stated: “We are excited to be part of the ever-growing partnership and joint venture with Matrix Renewables, Enerpoint and Kaizen, as it shows we are dedicated to the solar plus storage strategy and mission within Emeren.

“While making strides and progress within our storage pipeline execution, we have now successfully sold over 975MW of battery storage projects in Italy.  We are proud of our accomplishments and look forward to new developments as we move into 2024.”

Paolo Rocco Viscontini, a shareholder of the JV Gravel A and the CEO of Enerpoint, stated: “Such a result is proof that the joint venture with Emeren and Kaizen, dedicated to providing the best storage projects to Matrix, is successfully working.

“The energy transition requires significant storage targets, and Gravel A has all the experience and capability to play a relevant role in this exciting sector.”