1.7 GW of Italian batteries valued at $2.5 billion

Utility and IPP Enel has sold a 49% stake in its subsidiary that will own and operate 1.7GW of battery energy storage system (BESS) projects in Italy, to investor Sosteneo

The deal, which will see Sosteneo’s ‘Sosteneo Fund 1 HoldCo S.à.r.l’ pay €1.1 billion (US$1.19 billion) for the stake

23 battery energy storage system (BESS) projects as well as three renovations of open cycle gas turbine (OCGT) plants totalling 0.9GW

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