Equita Capital’s European renewable energy fund, which has reached €140m after its second close, is acquiring a 75% stake in a 74MW Italian solar portfolio from Dominion.
The Equita Green Impact Fund (EGIF) has agreed to buy the majority stake in the portfolio comprising four ready-to-build projects located in Sicily and Basilicata. Dominion will oversee the construction and development of the solar photovoltaic projects.
The transaction marks the commencement of EGIF’s investment deployment phase, with the fund targeting a final close of €200m by the fourth quarter of 2025.
Balthazar Cazac, managing partner at EGIF, said: “We are thrilled to launch EGIF’s deployment phase with this strategic acquisition. This partnership underscores our commitment to investing in high-quality renewable energy projects that contribute to Italy’s decarbonisation goals. We are excited about the potential of these projects to deliver clean energy and generate attractive returns for our investors.
”We are confident that this is just the beginning of a long and fruitful collaboration with Dominion, leveraging their extensive portfolio of upcoming projects in Italy. EGIF’s second closing at €140m demonstrates strong investor confidence in the fund’s strategy and our experienced management team. EGIF is targeting a final close at €200m by the fourth quarter of 2025.”
EGIF is a 10-year closed-end investment fund focused on renewable energy assets throughout Italy and Europe, with a particular emphasis on solar photovoltaic, wind and biogas technologies.
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