Project Finance Brief: ContourGlobal Acquires 1.6 GW Battery Energy Storage Projects
ib vogt sells 110 MW Pato solar project in Spain
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ContourGlobal, a renewable energy power generation and a subsidiary of KKR, announced the acquisition of battery energy storage projects totaling 1.6 GW with up to eight hours of storage duration, located in Italy. This acquisition strategically positions ContourGlobal ahead of the upcoming Italian Storage Capacity Procurement Mechanism auctions, which are scheduled to begin in September.
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