Skip to main content
Login to access your documents and resources.
Welcome to Nuveen
Select your preferred site so we can tailor your experience.
Select Region...
  • Americas
  • Asia Pacific
  • Europe, Middle East, Africa
location select
Select Location...
  • Canada
  • Latin America
  • United States
  • Australia
  • Hong Kong
  • Japan
  • Mainland China
  • Malaysia
  • New Zealand
  • Singapore
  • Taiwan
  • Thailand
  • Other
  • Austria
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Ireland
  • Italy
  • Luxembourg
  • Middle East
  • Netherlands
  • Norway
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom
  • Other
location select
Institutional Investor
  • Institutional Investor
  • Individual Investor
  • Financial Professional
  • Global Cities REIT (GCREIT)
  • Green Capital
  • Private Capital Income Fund (PCAP)
location select

Emeren Group and Nuveen Infrastructure Finalize 354 MWp Battery Storage Portfolio in Italy with 2.83 GWh Capacity

A long exposure of a train travelling past a station platform

Emeren Group Ltd ("Emeren" or the "Company") ( (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced the successful co-development agreement of 199 MW (up to 1.59GWh of capacity) of Battery Storage Projects in two regions of Southern Italy with Nuveen Infrastructure, rebranded from Glennmont Partners (“Nuveen”), one of the world’s largest fund managers investing in clean energy. As previously announced, this agreement marks the final stage in the portfolio collaboration between Emeren and Nuveen, achieving a total power capacity of 354 MWp (up to 2.83GWh). 

The partnership will involve Nuveen and Emeren jointly developing two additional stand-alone Battery Storage Projects in the Apulia region of Southern Italy.  These projects are scheduled to enter the construction stage in mid 2025 and begin operations in early 2026.  

Yumin Liu, Chief Executive Officer at Emeren Group, commented, “It has been a pleasure partnering with Nuveen Infrastructure in developing battery storage projects in Southern Italy totaling 354 MWp capacity of projects.  This final agreement demonstrates the recognition of our capability to develop and build projects to the highest standards, partnering with one of the world’s largest fund managers investing in clean energy.  Italy is one of Emeren’s fastest growing markets in Europe, with a total solar project pipeline exceeding 750 MWp and a storage pipeline exceeding 17.1 GWh.  

Francesco Cacciabue, Global Head of Clean Energy Investments at Nuveen Infrastructure, commented, “It’s been fantastic to work on this project with Emeren, which stands to significantly boost Southern Italy’s battery storage capacity. As the clean energy transition continues at pace in Apulia and in Europe more widely, projects such as these will be critical to adding flexibility to the renewables sector whilst providing clear and consistent returns for investors.”

About Emeren Group Ltd. 

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to .

Explore more news

Press office
Nuveen n logo on a blue background
All press enquiries

Important information on risk

Past performance is no guarantee of future results. All investments carry a certain degree of risk, including the possible loss of principal, and there is no assurance that an investment will provide positive performance over any period of time. Certain products and services may not be available to all entities or persons. There is no guarantee that investment objectives will be achieved.

Investors should be aware that alternative investments are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits.

As an asset class, real assets, such as Infrastructure, are less developed, more illiquid, and less transparent compared to traditional asset classes. Real asset investments are subject to various risks generally associated with the ownership of real estate-related assets and foreign investing, including but not limited to, fluctuations in property values, higher expenses or lower income than expected, changes in economic conditions, currency values, environmental problems and liability, the cost of and ability to obtain insurance, and risks related to leasing of properties.

Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well.

Back to Top