Aer Soléir Collaborates with Altea Green Power to Set-up 510 MW Battery Storage Plant in Italy

Aer Soléir and Altea Green Power deal teams

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Aer Soleir, an Irish Company with its headquarters in Dublin, is focused on multi-technology renewable energie development, construction, and operation. It has also signed a Share Buy Agreement and co-development agreement with Altea Green Power S.p.A., an Italian Company located in Turin that develops and builds renewables plants in Italy.

Already operational, the agreement was signed in Turin by Leading Law Office – Notary Andrea Ganelli. It will allow for construction of four plants, one in Gravina di Puglia; two in Genzano also in Puglia; and one in Rondissone, Piedmont. Altea Green Power already had the sites and Aer Soleir acquired the development activities.

These projects will allow the companies to work closely together. This will enable Altea Green Power and Aer Soleir both to increase their presence in Italy.

The largest amount of EU’s pandemic recovery funds went to Italy. A third of the amount received goes to support climate and energy goals. Roberto Cingolani (Italian minister for energy transition) confirmed that he has set a minimum target to achieve 70% renewable electricity by 2030. It will be necessary to simultaneously develop large-scale battery storage plants and renewable energy technologies in order to reach that target.

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Andy Kinsella is the CEO and Founding Partner of Aer Soleir. He said that “the agreement signed with Altea Green Power a developer in Italy’s renewables market represents another milestone in Aer Soleir’s Italy growth strategy, and general technological diversification. Italy is an attractive market, and we are thrilled to add this battery storage portfolio in Italy to our existing solar and wind portfolios.”

Giovanni Di Pascale is the founder and CEO of Altea Green Power. He stated: “We are proud of the agreement with Aer Soleir. Aer Soleir is an international company of absolute stature that will bring added value for both companies. Altea Green Power’s partnership with Aer Soleir is an important step in a highly strategic and innovative sector like storage.

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