Magnora ASA

Magnora Italy preparing for first MACSE auctions in 2025

26.2.2025 08:55:33 CET | Magnora ASA | Non-regulatory press releases

On 25 February, Magnora's Italian operations secured land with grid indications

in areas well positioned for this year's BESS auctions. The ability to partner

with energy companies or infrastructure funds ahead of auctions could provide

early cash flow for Magnora Italy.

TERNE, the Italian grid operator, has taken radical steps to stabilize the

Italian grid against a backdrop where gas is losing out and South Italian solar

PV is rapidly becoming a mainstay. With sunshine being in uneven supply, Italy

is a case in point for how battery energy storage systems (BESS) can be a useful

component. The business case for BESS is particularly strong in isolated regions

like Sardinia and Sicily, or the sun-rich parts of Southern Italy where an

abundance of solar PV can create instabilities.

Magnora Italy operates partly through framework agreements with specialists who

rely on local knowledge to identify locations with available grid capacity and a

high potential for successful development. Our co-development partner in the

Southern Province of Puglia, has identified and de-risked a 250MW portfolio with

a very real potential of succeeding in the first MACSE auctions scheduled that

are expected in the second half of 2025. The auctions have attracted substantial

interest, and a lack of suitable locations should secure reasonable developer

margins.

"I am very pleased to find that partnerships and respectful cooperation can

deliver results rapidly in one of Europe's most promising BESS markets. The case

illustrates the opportunities that arise from agile developers in a rapidly

changing renewables market where battery systems are becoming a regular feature

of the system," says CEO Erik Sneve.

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and

battery storage projects. Magnora has operations in Europe and Africa through

the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,

Emernor GmbH, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and

AGV. Magnora also has earn-out revenues related to the former portfolio

companies Helios Nordic Energy and Evolar, and a financial ownership in Hermana

Holding. Magnora is listed on the main list of the Oslo Stock Exchange under the

ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/18434491/5681/Download%20announce

ment%20as%20PDF.pdf

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