Korkia's Biko Renewable Energy sells 10.7 MW solar PV portfolio in Northern Italy

Korkia's development arm, Biko Renewable Energy, a joint venture with BIWO Rinnovabile, has announced the sale of a 10.7 MW portfolio of fully permitted solar PV assets in Northern Italy. This transaction involves three projects located in Lombardy, representing a strategic divestment of developed renewable energy capacity by the seller. While the deal value remains undisclosed, the sale of fully permitted solar assets underscores the continued investor appetite for ready-to-build or near-operational renewable energy projects in Italy. For Biko Renewable Energy, this divestment allows for capital recycling, enabling further development activities and demonstrating the successful execution of their project development strategy in a key European market. The transaction highlights the ongoing maturation of solar development pipelines in regions like Northern Italy.