Milan backup power storage project in Italy

Why is CIP launching large-scale battery projects in Italy?

The development of large-scale battery projects aligns with CIP’s growing focus on energy storage. With Italy’s supportive regulatory environment, the partnership aims to leverage CIP’s expertise to advance its storage infrastructure projects. The move also supports Italy’s aim to meet the nation’s 2030 renewable energy targets.

Does Italy need energy storage?

The partnership’s growth aligns with Italy’s accelerating renewable energy expansion, and thus need for energy storage. According to Terna, the Italian transmission system operator, the country added 2.9GW of wind and solar capacity in 2022, 5.7GW in 2023, and another 5.4GW in the first nine months of 2024.

Can Italy make battery storage projects commercially attractive?

“Italy has a clear need for storage, and the enabling market and regulatory mechanisms are being put in place to make battery storage projects commercially attractive.” CIP’s Flagship Fund CI V, completed in March 2025, exceeded its €12bn ($12.9bn) target.

Is Italy a good place to invest in backup power?

In the third part of our series on backup power in Europe, we examine the lucrative BESS investment landscape of Italy. In part 1 of our series on backup power in Europe, we named Italy as one of the most attractive European countries for BESS investments.