development/construction/operating
Stage
Metlen and PPC Group have signed a joint venture agreement for the development, construction, and management of a portfolio of BESS projects up to 1,500 MW / 3,000 MWh in Italy, Romania, and Bulgaria, with 1,000 MW to be realized in the next 12 months.
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Deal Analysis
Metlen Energy & Metals and PPC Group have announced a significant joint venture for the development, construction, and management of a 1.5 GW / 3 GWh Battery Energy Storage System (BESS) portfolio across Italy, Romania, and Bulgaria. This partnership, with an ambitious target of realizing 1 GW within the next 12 months, positions both companies as key players in the rapidly expanding European energy storage market. For Metlen, a global industrial and energy company, this deal aligns with its strategic focus on energy infrastructure, while for PPC Group, it represents a substantial commitment to grid modernization and renewable energy integration in the region.
The scale of this BESS portfolio is notable, representing a substantial investment in critical infrastructure necessary for the ongoing energy transition. Battery storage systems are crucial for enhancing grid stability, firming intermittent renewable energy sources like solar and wind, and providing ancillary services. The chosen locations – Italy, Romania, and Bulgaria – are all European markets experiencing significant growth in renewable energy deployment, making robust storage solutions essential for grid balancing and optimizing energy supply. This JV underscores the increasing demand for large-scale energy storage solutions to support decarbonization efforts and ensure energy security across Southern and Eastern Europe.
- Development of a 1.5 GW / 3 GWh BESS portfolio across Italy, Romania, and Bulgaria.
- Ambitious timeline: 1 GW to be realized within the next 12 months.
- Partnership between Metlen Energy & Metals and PPC Group, two significant energy players.
- Focus on key European markets experiencing high renewable energy growth.
Source Intelligence
KEY DETAILS
The joint venture is for the development, construction, and management of a portfolio of BESS projects. The total capacity is up to 1,500 MW / 3,000 MWh. Of these projects, 1,000 MW are to be realized in the next 12 months. 50 MWh of these projects are in Italy. Metlen also has a 25 MW BESS project in Puglia with signed tolling agreements, expected to be operational in a few months. Metlen's overall Italian strategy includes 70% photovoltaic and 30% BESS. Metlen has an overall pipeline of 3 GW in Italy. Italy is Metlen's second market after Greece. Metlen entered the Italian market in 2019.
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Capacity
Metlen e PPC Group hanno firmato un accordo di joint venture per lo sviluppo, la costruzione e la gestione di un portafoglio di progetti BESS fino a 1.500 MW / 3.000 MWh in Italia, Romania e Bulgaria, di cui 1.000 MW da realizzarsi nei prossimi 12 mesi.
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Location
un portafoglio di progetti BESS fino a 1.500 MW / 3.000 MWh in Italia, Romania e Bulgaria
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Announcement
Marzo 5, 2026
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Signing
Metlen e PPC Group hanno firmato un accordo di joint venture
PARTIES MENTIONED IN SOURCE
M
Metlen
developer
"Metlen e PPC Group hanno firmato un accordo di joint venture per lo sviluppo, la costruzione e la gestione di un portafoglio di progetti BESS"
P
PPC Group
developer
"Metlen e PPC Group hanno firmato un accordo di joint venture per lo sviluppo, la costruzione e la gestione di un portafoglio di progetti BESS"
high quality
Enriched Mar 5, 2026
Global Infrastructure Sherpa