🤝Enel and Sosteneo agree on $1.3bn deal in Italy's largest BESS transaction amid rising market activity – GWC Mag

🔋Enel has agreed to sell a 49% stake in Enel Libra Flexys in Italy to Sosteneo for $1.3bn. The acquired portfolio comprises ~1.7 GW of Battery Energy Storage Systems (BESS) set to be operational in 2024, and 0.9 GW in Open Cycle Gas Turbine (OCGT) renovation projects. This deal highlights a recent surge in Italy's BESS M&A activity, rising from 1 deal in 2022 to 7 in 2023 and 3..