FVG Renewables seeking investor to support realisation of 600 MW Italian battery storage pipeline

FVG Renewables has begun a search for an investor to support the development of a close to 600 MW Italian battery storage pipeline comprising six projects.

The Palmanova-headquartered developer, whose three founding partners are Andrea Moro, Stefano Buttignon and Enrico Bocchi, began marketing the “Project Titus” transaction with a teaser in early April and is being supported on the disposal process by financial advisor Valecap, it is understood.

Under current plans, FVG is looking to structure the divestment as a co-development agreement through which the selected investor will also support the realisation of the portfolio through to achieving ready-to-build status.

FVG is currently in the process of signing NDAs with selected parties, with the circulation of IMs to follow and non-binding offers forecast to fall due by May, it is understood.

Four of the projects in the portfolio are located in Sassari, Sardinia and range in size from 40 MW / 361 MWh to 95 MW / 762 MWh, while a further two projects are located in Catania, Sicily (123.36 MW / 963 MWh) and Reggio Calabria, Calabria (174.76 MW / 1.364 GWh).

The projects are forecast to reach RTB by the start of 2026 with commissioning to follow by the end of 2026.

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