Description

Italy

Business ID: L#20261144

A 200 MW / 800 MWh standalone Battery Energy Storage System (BESS) in Puglia, Southern Italy. The project is located in the municipality of Torremaggiore, Foggia Province, within a strategic area for utility-scale energy infrastructure. The project benefits from a confirmed STMG grid-connection solution and requires approximately 13 hectares of land.

The opportunity is available for outright acquisition with STMG or through a co-development structure.

KEY INVESTMENT HIGHLIGHTS

PROJECT OVERVIEW

The project comprises a 200 MW / 800 MWh lithium-ion BESS, designed for four-hour duration energy storage.With a relatively compact land requirement of approximately 13 hectares, the project offers an efficient footprint for a utility-scale storage facility. The project is currently at the development stage, with the STMG grid-connection solution confirmed. The proposed connection infrastructure provides a clear pathway toward grid integrationThe project is being offered either with the confirmed STMG for acquisition or under a co-development partnership structure, providing flexibility for strategic investors, infrastructure funds, IPPs and  BESS developers.

GRID CONNECTION

STMG Status: Confirmed

The proposed connection timeline includes:

• Approximately 20 months for the future 380/150 kV RTN substation
• Approximately 8 months for the relevant connection works
• Additional timing of approximately 1 month per kilometre for the respective connection routes

The confirmed STMG provides an important development milestone and reduces early-stage grid uncertainty for a prospective investor.

LAND & SITE

• Gross land area: ~13 hectares
• Land classification: Agricultural
• Land strategy: Acquisition
• Location: Torremaggiore, Province of Foggia, Puglia
• Indicative land acquisition cost: approximately €115,000 / US$134,000

The compact site requirement relative to the 200 MW capacity supports an efficient project footprint.

INDICATIVE DEVELOPMENT COSTS

Based on the information currently available:

INVESTMENT RATIONALE

200 MW Utility-Scale Capacity

A substantial standalone storage project capable of supporting grid flexibility and energy-market optimization.

800 MWh Storage

The four-hour configuration provides meaningful dispatch duration compared with shorter-duration BESS projects.

Confirmed Grid Solution

The project has progressed beyond initial grid assessment, with the STMG confirmed.

Strategic Italian Market

Located in Puglia, one of Italy’s leading regions for renewable energy deployment and power infrastructure.

Limited Land Requirement

Approximately 13 hectares are required for a 200 MW / 800 MWh installation.

Flexible Entry Structure

The project is available for either direct acquisition or co-development, allowing investors to select the structure aligned with their strategy

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LINE ITEM (EUR Millions)                  CONSERVATIVE     MODERATE (BASE)    AGGRESSIVE
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Gross Contracted Revenue (MACSE/CM)          €22.40M           €26.40M          €29.60M
Merchant Net Spread & MSD                    €7.00M            €11.00M          €15.00M
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TOTAL GROSS REVENUE                          €29.40M           €37.40M          €44.60M
OPEX & Ongoing Asset Management             (€3.60M)          (€3.00M)         (€2.50M)
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EBITDA                                       €25.80M           €34.40M          €42.10M
EBITDA Margin                                 87.8%             92.0%            94.4%
Depreciation (Linear, 15 Years)             (€13.93M)         (€12.17M)        (€10.80M)
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EBIT                                         €11.87M           €22.23M          €31.30M
Senior Interest (Year 1 @ 4.5%)             (€6.58M)          (€5.75M)         (€5.10M)
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EBT (Earnings Before Tax)                    €5.29M            €16.48M          €26.20M
Italian Corporate Tax (27.9%)               (€1.48M)          (€4.60M)         (€7.31M)
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NET INCOME                                   €3.81M            €11.88M          €18.89M
+ Non-Cash Depreciation                      €13.93M           €12.17M          €10.80M
- Debt Principal Repayment (Yr 1)           (€7.14M)          (€6.24M)         (€5.54M)
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FREE CASH FLOW TO EQUITY (FCFE, Yr 1)        €10.60M           €17.81M          €24.15M
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Informational & Preliminary Nature Only This summary is provided for informational and preliminary evaluation purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to enter into any transaction or purchase any securities, real property, or assets. Any transaction will be subject to the negotiation and execution of definitive, legally binding documentation.

Forward-Looking Statements & Projections

Any financial projections, estimates, benchmarks, revenue ranges, or EBITDA forecasts contained herein are forward-looking statements based on current industry assumptions, market conditions, and hypothetical operating models. These statements involve substantial risks, uncertainties, and assumptions, including but not limited to:

• Fluctuations in local and national power markets, regulatory tariffs, and utility interconnection rules.

• Variations in construction timelines, supply chain availability, and capital expenditure costs for modular, powered-shell, or turnkey builds.

• Shifting demand, pricing dynamics, and vacancy rates in the data center, AI/HPC, and cloud infrastructure sectors.

• Macroeconomic factors, including interest rates, tax laws, and general financing market conditions.

Actual operational and financial results may differ materially from those expressed or implied in these projections. Past performance and illustrative scenarios are not guarantees of future performance.

Independent Due Diligence & Verification Neither the seller, broker, advisors, nor their respective affiliates, officers, or representatives make any express or implied representation or warranty regarding the accuracy, completeness, or reliability of the information provided herein (including utility availability, zoning, environmental conditions, site acreage, or equipment specifications).

Prospective purchasers, investors, and developers are solely responsible for conducting their own independent technical, legal, engineering, financial, environmental, and tax due diligence. Recipients are strongly advised to consult with their own professional legal, financial, and technical advisors before committing capital or executing binding agreements.