Lightsource BP has sold six solar greenfield projects in Italy with a combined capacity of 294MW to asset manager EOS Investment Management Group (EOS IM).
The portfolio is currently either permitted or in the late stages of development with construction expected to begin in the next 12 months.
The transaction enables Lightsource BP to reinvest and further extend its reach in the Italian market where its 30 local staff members are progressing more than 1GW of mature solar project opportunities and a substantial energy storage pipeline in the country.
This agreement allows EOS IM to consolidate its position as one of the most active independent investors in the Italian clean energy space.
The portfolio includes various agri-photovoltaic (agri-PV) initiatives with the projects designed to host sheep grazing, honey production and the plantation of olive, pistachio and orange trees as well as other local crops, allowing both eco-friendly power generation and biodiversity protection.
Giovanni Mascari, country head for Italy at Lightsource BP, said: “The demand for homegrown, secure and renewable electricity is soaring.
“Deals like this enable us to reinvest and amplify our ability to deliver clean electrons to the utilities and businesses that need them, as we contribute to advance the energy transition on a global scale.
“We’re excited to watch these projects progress and even more to see the opportunities they unlock for the future of both the energy transition and local economy in Italy.”
Natalino Mongillo, managing partner at EOS IM, said: “This acquisition further enriches the portfolio of our second clean energy infrastructure fund, bringing it to over 370MW of assets either operational or under construction and a portfolio of projects close to being permitted totalling 600MW of capacity.
“This transaction is further consolidating our position as one of the most dynamic independent players in the energy transition sector in Italy.”