Korkia, a global investor in renewable energy, and BIWO Renewables have joined forces in a partnership to develop a total of 1 GW of photovoltaic (PV) capacity in Italy. The collaboration encompasses greenfield development with a diversified strategy across locations and technologies, including ground-mounted solar PV and agri-PV projects.
Additionally, standalone battery projects will be implemented in congested areas to provide security to the grid and bring diversification to the portfolio. The first projects resulting from this partnership are expected to reach the ready-to-build stage already during the first half of 2024. The projects will support Italy in its targets for accelerating the green transition after completion.
Earlier this month Octopus Energy’s generation arm announced the launch of a new joint venture (JV) with Nexta Capital Partners to charge up Italy’s battery storage market. The new JV with Nexta will develop up to 1.5 GW of commercial-scale battery storage systems across several projects largely in the south of the country.
