Pacific Green Acquires Five Battery Energy Storage Developments in Italy Totaling 500MW / 2,800MWh
Dover, DE, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Pacific Green Battery Energy Park (Italia) Srl, a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB: PGTK)) announces that it has acquired 51% of the shares in five Italian projects (the “Projects”) from Sphera Energy Srl.
- Dover, DE, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Pacific Green Battery Energy Park (Italia) Srl, a wholly-owned subsidiary of Pacific Green Technologies, Inc. (the "Company" or "Pacific Green", (OTCQB: PGTK)) announces that it has acquired 51% of the shares in five Italian projects (the “Projects”) from Sphera Energy Srl.
- The remaining 49% of the shares of each Project will be acquired on achievement of certain development milestones.
- The first 100MW battery energy storage system (“BESS”) project in Campania has been submitted to The Ministry of Environment and Energy Security for permitting and the remaining four will be finalized in the coming months.
- Final permitting for all five projects is anticipated in Q4 2024, with design and construction to be managed by Pacific Green.