European Energy has divested its remaining stake in the 151MW Mineo solar PV project in Sicily to Sosteneo.
The company said the transaction completes a partnership initiated in 2023, with Sosteneo now assuming full ownership and responsibility for construction and operations.
European Energy added that the project reached ready-to-build stage and secured a contract for difference under Italy’s FERX scheme in December 2025.
The CfD provides long-term revenue visibility and supported the bankability of the project.
“This transaction reflects a structured approach to partnerships and capital rotation in our Italian portfolio,” said Alessandro Migliorini, director and country manager Italy at European Energy.
“By progressing the project to ready-to-build stage and securing a CfD, European Energy has created the conditions for an efficient divestment while enabling a smooth transition to a long-term owner.”
“This transaction is a clear example of how European Energy structures and executes phased divestments,” said Jens-Peter Zink, deputy chief executive of European Energy.
“By taking projects through development and into a bankable position, the company is able to attract long-term investors and recycle capital into new opportunities.”