Megawatt Mosaic, the BESS project developer, has secured planning consent and grid connection for a portfolio of four 99MW BESS sites in Italy – two in Sardinia and two in Tuscany – which will form part of the Tyrrhenian Link, a planned subsea transmission connection.
Helen Passfield, Director of Asset Management at Megawatt Mosaic, said: “During the past three years Megawatt Mosaic has analysed more than 700 potential connection points across Italy to identify sites that can successfully proceed to construction, and onward to connection and operation.
“With land rights, grid connection permission granted by TERNA, and EIA studies completed and passed for all four assets, this news marks a major milestone in the project, and we are ready to partner with investors to take the projects to the next stage in development.”
Further project investment is now required for ‘last mile’ development, to move the assets to ready-to-build status.
Strategically Italy is a key geography as it currently experiences the greatest grid imbalance globally after the US. According to the National Integrated Energy and Climate Plan (PINEP) more than 55% of gross electricity consumption will come from renewables by 2030, and the use of coal is expected to be completely phased out by 2025, representing 8 GW of reduced generation capacity, of which 1GW is in Sardinia.
In support of these targets, Megawatt Mosaic’s projects are part of the Tyrrhenian Link which is a EUR3.8bn next-generation EU infrastructure project that will complement existing high-voltage direct current (HVDC) transmission links from mainland Italy to Sardinia. The link will create a complete loop to ensure the transmission of electricity between the mainland and the two islands of Sicily and Sardinia by way of a double submarine cable with a length of approximately 970km and a capacity of 1,000 MW.
This project will result in greater stability of the electricity system for the two islands, reinforce the stability and security of the grid, and allow a more flexible integration of renewable energy sources, contributing to the objective of phasing out coal-fired power plants.
About Megawatt Mosaic
London based Megawatt Mosaic is an environmental research consultancy and developer involved in the identification, research and completion of initial studies on suitable locations for battery storage and solar sites across Southern Europe. Find out more at https://megawattmosaic.com/
Megawatt Mosaic is being supported by the specialist environmental incubator and accelerator 350 PPM.
About 350 PPM
350 PPM is on a mission to reduce the amount of CO₂ in the atmosphere to 350 parts per million and reduce CO₂e (equivalent greenhouse gases) to similar levels. It operates as a central legal entity whose purpose is incubating and accelerating breakthrough environmental businesses, participating directly in the development of client companies to support success. As a result, the companies selected for its portfolio are those that can make the biggest impact on reducing the level of CO₂ per USD invested.
If you’d like further information on the companies being incubated now, please register your interest at https://350ppm.co.uk/ and follow www.linkedin.com/company/350-ppm-ltd/ for regular news updates and access to its exciting investment network.
This information and further details from Jane Maher at 350PPM
T: 07887 995 589
E: JaneM@350ppm.co.uk
