1 JULY 2024

PLT energia and Emeren Group Partner on 394 MWp Battery Storage Portfolio

PLT energia, one of the largest independent Italian groups active in the renewable energy sector and controlled by PLT holding owned by Tortora family, has signed a Development Service Agreement ("DSA") partnership for a state-of-the-art portfolio comprising five Battery Energy Storage Systems ("BESS") in Italy with Emeren Group, a leading global solar project developer, owner, and operator. This transaction marks a significant milestone in the development of an impressive 394 MWp BESS portfolio.

Stefano Marulli, CEO of PLT energia, commented: "PLT actively pursues a project portfolio with the right balance of technologies. With the current growth in renewable energy, which is expected to continue in the coming years, Battery Storage will play a key role in the installation of new renewable plants and the stability of the power grid. This is why we believe this agreement is the perfect complement to our current development pipeline, both photovoltaic and wind, especially in the US market and Emeren the right partner thanks to its professional and technical experience as well as market knowledge"

Yumin Liu, CEO of Emeren Group, added, "We are excited to partner with PLT energia Srl, whose vision and strategy align seamlessly with Emerenís commitment to sustainability. This collaboration represents a significant step forward in our mission to develop innovative battery storage projects both in Italy and globally, further demonstrating our efforts to expand our BESS business."

For further information:

Eleonora Tortora

CFO & Investor Relator PLT holding S.r.l.


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