The Swedish company OX2 reinforced its growth strategy in the Italian market after acquiring Hanwha Energy Europe a portfolio consisting of two independent projects of battery energy storage systems (BESS), with a combined capacity of 200 MW and 800 MWh the facilities will be located in the province of Lecce, within the Apulia region, in southern Italy.
Construction planned for 2027
According to information released by both companies, each project will have a capacity of 100 MW and 400 MWh the schedule anticipates the start of construction during the second quarter of 2027, while commercial operation is planned for the end of 2028.
Furthermore, the addition of these assets strengthens OX2’s strategy to develop storage solutions that support the integration of renewable generation and provide greater flexibility to Italian electrical system.
OX2 strengthens its renewables portfolio in Italy
Since its arrival in the Italian market in 2021, OX2 has built a development portfolio close to 1,5 GW, made up of approximately 750 MW of solar energy, 650 MW of independent battery storage and 100 MW of onshore wind energy the company also indicated that approximately 98 % of its photovoltaic portfolio corresponds to agrivoltaic projects.
He wind farm Maia the project, also located in Apulia, became the first completed project by the company in Italy, starting commercial operations in 2025. According to the company, no new projects are expected to come online in the country this year.
An operation that promotes energy storage
For OX2, the acquisition represents a new step in the expansion of its business, energy storage in Italy and complements its development in wind and solar technologies. The operation takes place in a market where the BESS systems they are acquiring an increasingly important role in improving grid stability and facilitating the integration of renewable energy sources.
In the transaction, Hanwha Energy Europe it had the advice of Gitti and Partners and L&B Partners, while OX2 received advice from Green Horse Legal Advisory and BDO.
Source: Ess News
Photo: Shutterstock
