1GW Italian Battery Pact: Renewable Power's Strategic Partnership

• Renewable Power Capital and Altea Green Power join forces to develop 1GW of battery energy storage projects in Italy, driving sustainable growth and operational excellence.

Renewable Power Capital (RPC) has partnered with Altea Green Power to develop 1GW of battery energy storage projects in Italy over the next 2 to 4 years. The partnership aims to involve local municipalities and stakeholders in the development process and potentially expand beyond the initial 1GW capacity. This deal adds to RPC's European storage pipeline, which now exceeds 5.5GW, and aligns with their strategy to accelerate decarbonization across Europe.

Legal and technical advisors Ashurst and Fichter represented RPC, while DLA and Green Dealflow advised Altea Green Power in the partnership. RPC CEO Kevin Devlin highlighted the growth potential in the Italian storage market and the strategic importance of the partnership with Altea Green Power. Altea Green Power CEO Giovanni Di Pascale expressed enthusiasm for the co-development agreement and the opportunity to enhance their power capacity and business practices through collaboration with international investors.

The partnership between RPC and Altea Green Power reflects a shared commitment to advancing renewable energy and storage solutions in Italy, with a focus on sustainable growth and operational excellence. The collaboration is expected to drive significant improvements in the development of alternative energy projects and contribute to achieving ambitious performance targets outlined in their five-year plan.

What is the goal of RPC and Altea Green Power's partnership in Italy?

• The goal of RPC and Altea Green Power's partnership in Italy is to develop 1GW of battery energy storage projects over the next 2 to 4 years.
• The partnership aims to involve local municipalities and stakeholders in the development process and potentially expand beyond the initial 1GW capacity.
• This deal adds to RPC's European storage pipeline, which now exceeds 5.5GW, and aligns with their strategy to accelerate decarbonization across Europe
•  Legal and technical advisors Ashurst and Fichter represented RPC, while DLA and Green Dealflow advised Altea Green Power in the partnership.
• RPC CEO Kevin Devlin highlighted the growth potential in the Italian storage market and the strategic importance of the partnership with Altea Green Power.
• Altea Green Power CEO Giovanni Di Pascale expressed enthusiasm for the co-development agreement and the opportunity to enhance their power capacity and business practices through collaboration with international investors.
• The partnership reflects a shared commitment to advancing renewable energy and storage solutions in Italy, with a focus on sustainable growth and operational excellence.
• The collaboration is expected to drive significant improvements in the development of alternative energy projects and contribute to achieving ambitious performance targets outlined in their five-year plan.