Altea Green Power Secures Authorization for Major BESS Project in Italy

Altea Green Power S.p.A. ( (IT:AGP) ) has issued an announcement.

Altea Green Power announced the authorization of a 200 MW battery energy storage system (BESS) project in Basilicata, Italy, in collaboration with Aer Soléir. This project, part of Altea’s industrial plan, is expected to generate significant cash flows and further solidify the company’s position in the green energy sector. The successful completion of the authorization process in 21 months underscores the company’s efficient project management and strengthens its partnership with Aer Soléir, a major player in renewable energy. This development marks a significant milestone in enhancing Altea’s capabilities in innovative green solutions.

More about Altea Green Power S.p.A.

Altea Green Power is a company focused on developing and constructing energy plants, emphasizing environmental respect. It acts as a service integrator for various stakeholders, including individuals and companies. The firm specializes in photovoltaics, wind, and battery energy storage systems (BESS), aiming to reduce pollution. Established in 2008, the company offers turnkey photovoltaic and wind projects across Italy and is co-developing over 1.5 GW of photovoltaic and wind and about 5.5 GW of BESS projects. Altea Green Power is listed on Euronext Milan and serves major global clients.

YTD Price Performance: -4.52%

Average Trading Volume: 38,391

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €106.1M

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