PPC Group and METLEN, leading Greek companies in the electricity sector in Greece and the wider region, have signed a Joint Venture Agreement (JVA) for the establishment of a joint venture company, in which each party will hold a 50% stake. The purpose of the joint venture is the development, construction and operation of a portfolio of BESS (Battery Energy Storage System) projects of up to 1,500 MW / 3,000 MWh in Romania, Bulgaria and Italy, of which 1,000 MW are expected to be implemented within the next 12 months.The two parties are joining forces by contributing their respective expertise in development, construction and energy management. Beyond supporting the operation of adjacent photovoltaic and wind parks by storing surplus energy for injection into the grid during periods without sun or wind, the storage stations will also contribute to the stability of the electricity system. Investments in storage ensure the optimal use of electricity generation from Renewable Energy Sources. (ICE ATENE)

Fonte notizia: business-review.eu