European Energy sells 151 MW Mineo solar project stake to Sosteneo in Sicily

European Energy has completed the divestment of its remaining 151 MW solar photovoltaic project in Mineo, Sicily, to Italian investment manager Sosteneo. The transaction marks the final phase of a structured partnership initiated in 2023, where Sosteneo initially acquired a 50% stake. The project secured a 20-year Contract for Difference (CfD) under Italy's FERX program, enhancing its bankability and enabling European Energy to recycle capital into new Italian solar developments. The deal underscores European Energy's strategy of phased divestments post-construction to optimize portfolio rotation and financial flexibility.

Counterparts (2)

Seller

European Energy

company · 2 deals

European Energy is a renewable energy company focused on developing, constructing, and operating solar, onshore wind, offshore wind, Power-to-X, battery storage, and carbon capture projects. They have a global presence and aim to be a major force in driving the green transition.

Buyer

Sosteneo

company · 1 deals

Sosteneo is a specialist investment manager focused on construction-ready clean energy assets. They invest in physical infrastructure that addresses challenges in flexibility, supply, and end use, focusing on contracted revenues and disciplined execution.