Project Finance Brief: Emeren Sells 3.8 GWh Battery Energy Storage Portfolio

Arevon Energy secures $529 million for Vikings solar and storage project

November 15, 2023

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Emeren, a solar project developer, owner, and operator, announced the sale of a 410 MW energy storage portfolio comprising five battery energy storage projects in Italy to Matrix Renewables. The five projects consist of standalone storage systems with a cumulative capacity of 3,787 MWh. The entire portfolio is strategically located in the Italian southern region of Apulia. The Ready-To-Build status is expected to be achieved by late 2024.

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