Mirova and Qualitas Energy have teamed up to develop and operate up to 250MW of renewable-energy projects in Italy.
Mirova’s Energy Transition 6 fund is investing an undisclosed amount for a majority stake in a venture holding 33 solar photovoltaic projects across eight Italian regions, with minority shareholder Qualitas Energy providing development, construction supervision and monitoring.
The project portfolio features projects at various stages of development, with construction-ready projects expected to be completed by December 2025. The venture may also expand to include approximately 100MW of wind-energy projects.
Raphaël Lance, global head of private assets and head of energy transition funds at Mirova, said: “We are excited to partner with Qualitas Energy, a trusted collaborator with whom we have successfully invested in projects in Spain. This first direct investment of Mirova in Italy represents a significant step to support the transition of the country’s energy mix.
“The Italian renewable market showcases strong fundamentals, characterised by stable regulations, a robust national support mechanism and a dynamic power-purchase-agreement market.”
Manuel Espinosa Balaca, partner, investment at Qualitas Energy, said: “We remain fully dedicated to the platform, providing our capabilities in development, construction supervision and portfolio monitoring.
“Our long-term commitment to Italy and its energy transition is steadfast. We will continue to play an active role in advancing the country’s clean-energy landscape, and we are actively expanding our project pipeline by pursuing new opportunities.“
To read the latest IPE Real Assets magazine click here.
