Macquarie backs Chiron to build 1 GW solar, 500 MW storage in Italy

What's the deal? Macquarie Capital has invested in Italian renewable energy developer Chiron EnergyDealroom has a profile for this one. Try Dealroom → to form a joint venture in Italy. The partnership aims to develop, build, and operate 1 GW of solar and 500 MW of battery energy storage system (BESS) capacity.

What's the endgame? The venture pairs solar generation with storage — a combination increasingly favoured to smooth intermittent supply and feed power into the grid when demand peaks.

Why now? Italy's storage market is drawing fresh capital as developers race to build BESS capacity across Europe. The deal lands alongside a wave of activity, including a €59 million Slovenian state aid scheme for battery storage and new German projects.

The signal: Macquarie's backing of a solar-plus-storage play underscores how infrastructure investors are treating combined generation and storage as a single bankable asset — and betting on Italy as a growth market for both.

Read more: Renewables Now