X-Elio has agreed to sell a 50MW solar plant in Sicily to Italian renewables outfit PLT Energia.
The Castelvetrano solar project is estimated to generate 92GWh of clean energy annually.
The agreement supports X-Elio and PLT Energia’s aims to strengthen their respective positions in the Italian renewables market.
X-Elio’s deputy chief executive Nicholas Pentreath said: “We are proud to close this agreement with PLT Energia, which culminates the effort and the relationship between two leading renewable companies.
“We will continue delivering renewable energy projects that support Italy’s transition towards a cleaner and stable energy system.”
Country manager of X-Elio in Italy Gianfranco Memoli added: “This milestone recognises X-Elio’s long-term commitment to the development of top-tier renewable projects in this country.”
PLT Energia chief executive Stefano Marulli said: “This transaction represents a further step in PLT Energia’s growth strategy, aimed at consolidating an integrated platform in the renewable energy market on a national scale.”
In Italy, X-Elio has already brought 146MW of solar capacity into operation and is currently building projects worth a total of 116MW, which are expected to enter operation within the next 12 months.
In addition, the company manages a pipeline of 1.1GW in solar projects and 1.8GW in battery energy storage systems (BESS) at various stages of development.
By the end of 2025, PLT Energia expects to reach an installed capacity of 365MW, complemented by an additional 110MW currently in an advanced stage of construction.
Furthermore, the company has a development pipeline of approximately 3.4GW, of which 600MW has already received authorisation.