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Sosteneo acquires Italian solar PV project

Sosteneo SGR S.p.A. (“Sosteneo”) has acquired 100% of a fully developed 68MW solar project in Ramacca (Sicily, Italy) from European Energy A/S, a leading Denmark-based independent power producer (“European Energy”).

The acquisition, on behalf of clients, expands Sosteneo’s clean energy portfolio and is consistent with its strategy of investing in greenfield infrastructure projects that accelerate the transition to net zero. The Sosteneo team’s skills will be key in de-risking and optimising the project through construction, financing, and operations.

With this transaction, Sosteneo continues to help deliver renewable energy projects in Italy, supporting the country’s energy transition path and economic development with the creation of jobs for the community.

Sosteneo was supported in this transaction by financial advisor SURE, led by Alberto Cei, legal advisor PwC, led by Tommaso Tomaiuolo, and technical advisor Fichtner, led by Alberto Longhi.

Read the announcement from European Energy here.

 

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Disclaimer

This communication is not intended to provide an investment, tax, accounting, professional or legal advice and does not constitute an offer to buy or sell the fund or any other securities that may be presented. This communication is related to Sosteneo SGR S.p.A. and is not a marketing communication related to a fund, an investment product or investment services in your country. Any opinions or forecasts provided are as of the date specified, may change without notice, do not predict future results and do not constitute a recommendation or offer of any investment product or investment services. This communication is not intended for US Persons, as defined under Regulation S of the United States Securities Act of 1933, as amended.

 

Close up of a solar panel