LONDON, March 14 (Reuters) - Europe-based renewable

energy investor Glennmont Partners and U.S. solar power

developer Emeren Group ( SOL ) have agreed to jointly develop

155 megawatts (MW) of battery storage projects in Italy, the

firms said on Thursday.

The partnership will involve Glennmont and Emeren ( SOL ) developing

two stand-alone battery storage projects in the Campania region

in southern Italy.

The projects are expected to start being built in late 2025

and begin operations in early 2027.

In common with other European countries, Italy needs to

develop storage, including battery storage, to help store energy

from variable renewable sources such as solar power.

Financial details of the transaction were not disclosed.

Glennmont Partners is owned by Nuveen, which manages $1.3

trillion in assets.