Enel X, Ardian Partner on Battery-Storage Projects in Canada
September 14 2020 - 9:44AM
Dow Jones News
By Giulia Petroni
Enel SpA said Monday that its energy-services business line Enel
X and private investment house Ardian Infrastructure have entered
into a joint venture to operate and develop battery-storage
projects in Canada.
The Rome-based energy company said the venture, 80% owned by
Ardian and 20% by Enel X, will manage projects with around 30
megawatts of capacity .
The portfolio includes ten asset locations in the Ontario region
and two separate projects that are expected to reach commercial
operations in 2021.
Through the partnership, Enel X will continue to operate and
maintain these projects as well as develop future ones, according
to Enel.
"This partnership with Ardian Infrastructure represents an
important step that will further support the expansion of
innovative energy efficiency solutions in the North American
market," said Francesco Venturini, Enel X's chief executive
officer.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 14, 2020 09:29 ET (13:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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