Elgin invests in 40.5 MW agrivoltaic project with 20 MW BESS in Molise, Italy

Type: Investment · Technology: Solar · Country: Italy · Value: $30M · Announced: 2026-08-10

Elgin, a subsidiary of Copenhagen Infrastructure Partners (CIP), announced an investment in a 40.5 MW agrivoltaic project in Molise, Italy, featuring a 20 MW Battery Energy Storage System (BESS). The total project capacity exceeds 60.5 MW, with an estimated construction cost of 30 million euros. The project is part of Elgin's broader strategy to develop over 3 GW of renewable energy projects in Italy by 2030. Elgin and Geostudio Group previously announced a joint development agreement for a 72 MW project in Sicily, valued at 35 million euros, highlighting their expanding portfolio in the Italian market. The Molise project underscores Elgin's commitment to combining agricultural and solar energy production, a model gaining traction in Italy's renewable energy sector. Construction is expected to commence following regulatory approvals, with commercial operation targeted within the next two years.

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