As part of the agreement, Eku Energy is already funding projects with a combined capacity in excess of 100MW in the South of Italy, a region with high levels of renewable penetration and an increasingly congested grid.
Italy aims to generate 65% of its electricity from renewable energy sources by 2030, by which time it is predicted to be the third largest energy storage market in Europe.
Sandra Grauers Nilsson, CEO of Eku Energy commented, “Italy is a key market for Eku Energy as we continue our global expansion, and we’re thrilled to have partnered with Renera Energy to help meet the country’s growing need for energy storage.
"By combining our deep global expertise in energy markets with Renera’s specialist local knowledge we will deliver safe, secure and reliable energy storage solutions that advance Italy’s clean energy transition.”
Lars Konersmann, CEO of Renera Energy Italy commented, “In order to implement the European energy transition as fast as possible, we are excited to partner with Eku Energy to create and develop impactful projects.
"Battery storage is the perfect complement for renewable energy production. Combining it with our Solar Power Plant pipeline we are moving Italy an important step ahead on the way to a completely renewable energy supply.”
Eku Energy was initially established by Macquarie’s Green Investment Group and is now jointly owned by a Macquarie Asset Management managed fund and British Columbia Investment Management Corporation (BCI).
The company is working across the full project life cycle to develop, build, and manage energy storage assets that facilitate the delivery of safe, secure and reliable clean energy. Its pipeline includes 1.2GWh of battery storage projects in delivery globally.
