Global Infrastructure SherpaPPC and Metlen launch 1.5 GW battery storage venture in Southeast Europe
PPC and Metlen established a 50/50 joint venture to develop, construct, and operate up to 1,500 MW / 3,000 M.
Counterparts (2)
Register free to access full counterpart details, deal analysis, and timeline.
Register free →Deal Analysis
- 1.5 GW battery energy storage capacity.
- Joint venture between Public Power Corporation and Metlen Energy and Metals.
- Projects located in Bulgaria, Romania, and Italy.
- Deal announced March 9, 2026.
Source Intelligence
Under the agreement, both companies will hold equal 50% stakes in the newly established joint venture. The joint venture will focus on deploying two-hour duration, liquid-cooled lithium iron phosphate (LFP) battery systems. The partners aim to roll out approximately 1,000 MW of storage capacity within the next 12 months. The BESS facilities will primarily be located close to solar and wind power plants.
"Public Power Corporation (PPC) and Metlen Energy and Metals have signed a joint venture agreement to develop, construct, and operate up to 1,500 MW / 3,000 MWh of battery energy storage system (BESS) projects across Bulgaria, Romania, and Italy"
"Public Power Corporation (PPC) and Metlen Energy and Metals have signed a joint venture agreement to develop, construct, and operate up to 1,500 MW / 3,000 MWh of battery energy storage system (BESS) projects across Bulgaria, Romania, and Italy"
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Register free →