Clifford Chance have advised Zelestra in signing an innovative long-term tolling agreement with BKW enabling the delivery of a major 2 GWh battery storage project in Italy. This is the first agreement of its kind in Italy.
The Clifford Chance team was made up of Italian and German professionals, and was composed by partners Umberto Penco Salvi and Chiara Commis, counsels Riccardo Coassin and Zaid Mansour and senior associates Vittorio Novelli and Marie Karle.
Lead partner Umberto Penco Salvi stated «We are pleased to have assisted Zelestra in this innovative project, which represents a significant step for the energy transition in Italy. The 2 GWh BESS project, the result of a collaboration with BKW, is a concrete example of how advanced legal solutions and contractual structures can enable strategic investments in the energy storage sector.»
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