Sonnedix steps up solar capacity in Italy, eyes battery storage projects
By Francesca Landini
MILAN, Sept 19 (Reuters) -Renewable developer Sonnedix is increasing its solar power capacity in Italy with a series of acquisitions, its CEO told Reuters, adding the company was also looking at opportunities to develop battery storage projects in the country.
The JP Morgan-backed operator, which entered Italy in 2010, announced on Thursday the acquisition of an 80 megawatt (MW) solar plant in Sicily from local renewable construction firm Blunova, a unit of privately-owned Carlo Maresca Group.
The transaction is part of a broader partnership with Blunova under which Sonnedix has purchased four solar farms, including Thursday's deal, and will buy six others by mid-2025, acquiring a portfolio of 10 plants with a capacity of 250 MW.
Sonnedix said it could not reveal the financial details for the deal.
"By June next year, Sonnedix will increase its total operating capacity in Italy to nearly 800 megawatt, moving towards the goal of 1 gigawatt of capacity by the end of 2025," Sonnedix CEO Axel Thiemann told Reuters in a phone interview.
Thiemann said that the partnership with an Italian ally was key to navigate the regulatory framework of the Mediterranean country, where national rules could be subject to different interpretation at the regional level, making the permitting process complicated, particularly for foreign investors.
"There's a lot of work required, really understanding and interpreting and making sure that you do things the right way... But generally, we are bullish on Italy as a renewable hot spot," the Sonnedix CEO said.
Thiemann added that Sonnedix was waiting for the Italian government's final regulations on battery storage to unlock a series of projects the investor was already developing.
"We have a lot of battery pipeline in Italy... and we are waiting really for final verification of the rules," Thiemann told Reuters, adding operators would invest in this sector if they could have long-term certainty over the revenue stream they can get from a battery storage project.
Italy is expected to issue rules on auctions for battery storage services at the beginning of next year in an effort to unlock investments in this sector which is deemed crucial to increase flexibility of renewable energy power generation.
Reporting by Francesca Landini
Editing by Keith Weir
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
