Financial sponsors increasingly back European battery storage platforms
Battery energy storage systems (BESS) are now an investable asset class, and infrastructure funds are acquiring developer platforms and financing large portfolios to accelerate deployment across Europe. Carlos Candil and Carlo de Haas of Lincoln International break down the trend
Chile awards 2025 power supply tender solely to Enel unit
Chile’s Comisión Nacional de Energía (CNE) has awarded the entirety of its 2025/01 electricity supply tender to Enel Generación Chile, the local generation arm of Italy-based Enel SpA, making it the sole winner of the auction.
Enel to retrofit battery storage at century-old pumped hydro storage plant
Enel will retrofit a battery energy storage system (BESS) at its pumped hydro storage plant in Bergamo, northern Italy. The EU-backed BESS will serve as an additional energy reservoir, ensuring an uninterrupted power supply.
3Sun earns TÜV Rheinland certification, clearing way for PV module sales
Italian heterojunction module manufacturer 3Sun says it started production at its factory in Catania, Italy, in September.
Ukraine receives solar panels to power hospitals
Over 5,800 solar panels manufactured by Italy’s Enel have been delivered to Ukraine to help power healthcare facilties.
Sosteneo to buy 49% of Enel’s battery business
Generali Investments’ Sosteneo unit will acquire 49% of the share capital in Enel Libra Flexsys, a company fully owned by Italian utility Enel, which operates a 1.7 GW portfolio of battery energy storage systems (BESS).
Enel secures €560 million for 3 GW heterojunction panel factory in Italy
Enel has obtained €560 million ($610.2 million) for a solar module factory it is building in Catania, Sicily.
Japan’s Inpex secures 50% share of Enel’s Australian solar portfolio
Japanese oil and gas supplier Inpex has struck a deal to buy 50% of Enel Group’s Australian renewables platform, Enel Green Power Australia. The deal gives Inpex joint control of a solar portfolio featuring 254 MW of installed capacity and another 170 MW of renewables under construction.
New mergers, acquisitions in Latin America’s renewable energy market
The data, compiled by iDeals-M&A Community, shows that eight M&A deals were announced last month and 10 in the financing and investment sector. pv magazine publishes the complete list.
Rock-based thermal energy storage production moves into gigawatt scale
Israeli company Brenmiller is set to launch a 4 GW to 5 GW production line for its thermal energy storage systems, which use crushed rocks to retain heat that can be released as steam, hot water, or hot air.
