GreenGo's 120-MW BESS Expansion in Calabria
- GreenGo Srl expands its BESS portfolio with a 120-MW project in Calabria, Italy, enhancing its presence in utility-scale renewables and energy storage assets.
Italian renewable energy developer GreenGo Srl has expanded its battery energy storage system (BESS) portfolio with the acquisition of a 120-MW/480-MWh project in Calabria, Italy. The acquisition was announced by law firm Watson Farley & Williams, with financial details undisclosed. The BESS project will be located in the province of Catanzaro, supporting GreenGo's strategy to grow its presence in utility-scale renewables and energy storage assets.
GreenGo, founded in 2018, focuses on developing solar, wind, storage, hydrogen, and hybrid power solutions. The company has 1.7 GW of renewable energy projects in the pipeline and 900 MW awaiting approval. With the addition of the Calabria BESS plant, GreenGo aims to enhance its ability to provide BESS stand-alone solutions and address the storage needs of the national electricity system. Lorenzo Nardon, Head of Finance and M&A at GreenGo, highlighted the importance of filling the gap in storage system development in the region.
What is GreenGo Srl's latest acquisition in the renewable energy sector?
- GreenGo Srl's latest acquisition in the renewable energy sector is a 120-MW/480-MWh battery energy storage system (BESS) project in Calabria, Italy.
- The project will be located in the province of Catanzaro and will support GreenGo's strategy to grow its presence in utility-scale renewables and energy storage assets.
- The financial details of the acquisition were undisclosed.
- GreenGo, founded in 2018, focuses on developing solar, wind, storage, hydrogen, and hybrid power solutions.
- The company has 1.7 GW of renewable energy projects in the pipeline and 900 MW awaiting approval.
- With the addition of the Calabria BESS plant, GreenGo aims to enhance its ability to provide BESS stand-alone solutions and address the storage needs of the national electricity system.
- Lorenzo Nardon, Head of Finance and M&A at GreenGo, highlighted the importance of filling the gap in storage system development in the region.