GREEN HORSE ON UPCOMING MACSE TENDER ON
In the article, Ivano Saltarelli and Daria Buonfiglio explain how this custom-designed mechanism – specifically built for the Italian energy context – is set to unlock stable,
Solar and BESS projects in Italy reach readu-to-build
News | 19.6.2025 Korkia''s project portfolio in Italy has achieved a significant milestone in recent months. Three solar power plant projects and one Battery Energy Storage System (BESS)
What Investors Want to Know: Project-Financed Battery Energy
Battery energy storage systems (BESS) store electricity and flexibly dispatch it on the grid. They can stack revenue streams offering arbitrage, capacity and ancillary services
Europe drives BESS market strength
Neoen and Nidec announced construction of a 9 MW/93.9 MWh BESS – the largest BESS project in both Sweden and all of Northern Europe. It is expected to enter operation in the first half of 2025. BESS remained the
Financing Battery Energy Storage Systems – Meeting the
Co-authored by Harry Brunt, a partner in our Energy and Infrastructure team, and Dan Roberts of Frontier Economics Introduction In this article we consider the role and
BESS dominate new wins in capacity markets in Italy
A render of Engie''s Kallo BESS in Belgium which won a contract. Image: Engie. Capacity market auctions have concluded in Italy and Belgium and battery energy storage system (BESS) projects won the lion''s
Enertis Applus+ acts as technical advisor to Recurrent Energy in
The construction of a 43 MWh BESS system is part of the €61.5 million non-recourse financing obtained by Recurrent Energy, which also includes a 124 MW solar portfolio.
Recurrent secures financing for Italian solar-plus
This is the latest partnership between the IPP and a subsidiary of Spanish financial firm Santander, following one of its subsidiaries'' financing of a European solar and BESS portfolio last...
Making project finance work for battery energy storage projects
Why securing project finance for energy storage projects is challenging It has traditionally been difficult to secure project finance for energy storage for two key reasons. Firstly, the nascent
Update on Italian BESS investment case & MACSE
2025 is set to see the start of a surge in Italian storage asset investment, led by BESS. The catalyst for this is the implementation of the new MACSE policy support mechanism, offering 15 year indexed contracts on up to
Battery Storage Systems in Italy | Enel Green Power
BESS, or battery energy storage systems, are an essential element of the energy transition: the Enel Group is playing an important role in the growth of the sector, in Italy and in the other countries where it is present.
BESS Investment in Italy: Which Market Option is Best?
Capacity Market auctions are coming up first (late 2024 and early 2025), while MACSE auctions follow in the first half of 2025. This means investors face a choice: jump into the capacity market early or hold out for
New Subsidy schemes for Battery Energy Storage
In autumn 2024 two draft regulations were published regarding state aid for large-scale electricity storage systems (BESS), one from the Modernisation Fund ("MF ") 1 - and the second under the National Recovery
Italian rules shifting in favour of merchant BESS
Italy is in the process of implementing a unique support scheme for storage investors. The system operator (Terna) will tender for 15 year fixed price contracts for up to 100% of BESS capacity.
How to finance battery energy storage | World
Battery energy storage systems (BESS) can help address the challenge of intermittent renewable energy. Large scale deployment of this technology is hampered by perceived financial risks and lack of secured
Italy ''is route into BESS for capital that is excluded
Terna estimates Italy will need 71GWh of new grid-scale energy storage by 2030. While the opportunities there mean a lot of interest and project development activity—with numerous pipeline announcements in 2023 and
How Italy is Driving BESS Investment
Revenue Streams for BESS: The business case for BESS in Italy is underpinned by four main revenue streams: wholesale trading, the Ancillary Services Market (MSD), the Capacity Market (MC), and the new energy
Italy''s MACSE auction will reshape the Italian storage
First up is the lithium-ion battery energy storage systems (BESS) phase, launching in early 2025, with pumped hydro energy storage (PHES) projects following in a subsequent phase. The stakes are high – it''s
Italian rules shifting in favour of merchant BESS
Project capital structure & financing terms e.g. loan to value ratio, interest rates This is the challenge that storage investors face between now and the first MACSE auction in early 2025.
UK Roundup: Developers net large-scale BESS financing and
E.ON came on board in March 2024. British battery energy storage system (BESS) firm Field has secured new financing to continue building out its UK project pipeline.
Financing Battery Energy Storage Systems – Meeting
Co-authored by Harry Brunt, a partner in our Energy and Infrastructure team, and Dan Roberts of Frontier Economics Introduction In this article we consider the role and application of battery energy storage systems
Proforma Financial Model of BESS – Acelerex
Financing Costs: Interest payments and debt servicing, which can significantly influence the overall cost structure of a BESS project. Equity return requirements for investors, ensuring a
BESS in Germany 2025 and Beyond: Use Cases,
BESS Capacity across Germany and Projected Growth By mid-2024, Germany''s total BESS capacity reached 16 GWh, which included: 13 GWh residential 1.1 GWh commercial 1.8 GWh large-scale systems Germany led
part 4: Spain''s BESS market is heating up
In April 2025, Spain''s installed BESS capacity is only 60MW, whereas the UK and Italy already have 5.6GW and 1GW of online BESS capacity, respectively. In this article, we discuss the
6 FAQs about [BESS project financing options in Italy 2025]
What is the business case for Bess in Italy?
Revenue Streams for BESS: The business case for BESS in Italy is underpinned by four main revenue streams: wholesale trading, the Ancillary Services Market (MSD), the Capacity Market (MC), and the new energy storage subsidy scheme (MACSE).
Is Bess a good investment in northern Italy?
While Northern Italy currently has the largest installed BESS capacity in the country, a build-out of RES in the South is increasing energy price volatility, creating a more compelling investment case for BESS in this region.
How much Bess capacity does Italy have in 2025?
As of March 2025, Italy has got 1GW of grid-scale BESS capacity online, placing the country in third place in Europe (shared with Ireland) in terms of installed capacity, behind Germany (1.6GW) and the UK (5.6GW). Another 1.75GW is under construction, projects totaling 230MW have obtained permits, and 1.2GW of new BESS capacity has been announced.
Why is Terna launching a Bess project in 2025?
To attract more BESS capacity, the Italian regulator and Transmission Service Operator (TSO), Terna, are offering contracted revenue streams for BESS projects. As of early 2025, this has resulted in two waves of BESS projects coming online.
Can a Bess financing mechanism unlock long-term revenue streams?
In the article, Ivano Saltarelli and Daria Buonfiglio explain how this custom-designed mechanism – specifically built for the Italian energy context – is set to unlock stable, long-term revenue streams for standalone BESS projects, making it an innovative tool to unlock financing for BESS projects.
Does Italy's Bess market hit a milestone?
Italy’s BESS Market Hits a Milestone We’re proud to see Green Horse Advisory featured in the latest edition of Project Finance International (PFI) – one of Europe’s most respected financial publications – for our insights on the upcoming MACSE tender.