Developing a pipeline of over 3 GW in Italy by 2030, with particular attention to the integration between renewable energy production plants and energy storage systems: this is the goal of the Swedish company Elgin, controlled for two years by the Danish group Copenhagen Infrastructure Partners (Cip), a global fund manager specializing in investments in energy infrastructure.
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“Our entry, started in 2024 with the opening of the Rome office and consolidated in 2025 through the partnership with Rinascita Holding, is part of Elgin’s broader development plan as an independent producer of renewable energy: Italy represents a fundamental market in our European growth strategy and a central element of the company’s long-term ambition, which aims to significantly expand the local team and project portfolio in the coming years,” confirms Dermot Kelleher, the company’s CEO.
Thus, in addition to the 250 million for the development of a Bess (battery energy storage system) project in Umbria, about 210 million are added for four new agrivoltaic plant projects, with the hope that they can become operational within the next two years: on the border between San Martino in Pensilis, in the province of Campobasso, and Chieuti, in the province of Foggia (30 million for 60.5 MW); in Ramacca, in the Catania area, (about 60 million total for two plants of 72 and 60 MW); in Valeggio, in the province of Pavia, on a rice field area (120 million for 130 MW).
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Kelleher explains, who has been leading the company for 16 months after being CFO for 11 years: “The goal of our projects is to make renewable energy production coexist with agricultural activities, helping to maximize land productivity and, at the same time, support decarbonization goals.” Agrivoltaic design minimizes soil impact and would offer local farmers an additional source of income, supporting long-term rural development. For this type of strategy, battery storage systems, whether integrated with solar plants or developed as independent assets, represent another fundamental element, as they help increase grid flexibility, promote the integration of renewable energy production, and contribute to making the electrical system more reliable and efficient.
The partnership with Rinascita Holding, specialized in the development of large-scale electric energy storage plants, reflects the approach Elgin intends to pursue in Italy: “Implement collaborations with local expert operators, who have in-depth knowledge of the regulatory framework, authorization processes, and market dynamics,” emphasizes Kelleher. In short, the group will pay attention to the local business fabric, so much so that during the construction phase the projects will be able to rely on local suppliers, thus supporting businesses and creating jobs. Plants of this type, once operational, also require professionals for maintenance, agronomic management, and digital monitoring. There are a total of 150 professionals leading the development and implementation of the group’s large-scale renewable projects.
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