DRI and Enerland have closed the first deal of the purchase agreement for the development of a 166MWp PV portfolio, comprising four solar parks in Italy.
Financial advisory boutique Capcora supported Spanish developer Enerland as exclusive M&A advisor in the sale to Amsterdam’s DRI.
Located on the island of Sardinia, the four solar parks, known as Project Nox, are set to begin construction in the second half of 2026.
DRI was chosen as the preferred bidder after a structured process conducted by Frankfurt-based financial advisor Capcora.
DRI is a renewables developer and operator, and a subsidiary of the DTEK Group, the largest private investor in Ukraine’s energy sector.
With the addition of the Nox projects, DRI’s Italian portfolio now exceeds 522MWp in development, advancing its mission to achieve a 2GW target in Italy.
DRI chief executive officer John Stuart said: “Italy is one of DRI’s key markets. We see huge potential to build out our renewable energy and battery storage portfolio here and contribute to the country’s energy transition and its national and EU targets.
“Our acquisition of four solar projects will also allow us to combine energy production from renewable sources with agricultural activities, generating economic development for local communities and fostering energy independence.
“I thank Enerland for being a great partner.”
In a joint statement, Enerland group chief executive officers Manuel Balet and Javier Gil said: “We are delighted to have found an excellent travelling partner, a long-term investor and hope that this will be one of many collaborations with DRI.”
Managing partner at Capcora Jochen Magerfleisch added: “This transaction emphasises the significance of cross-border collaboration and the potential for value creation in a country full of growth opportunities.”