Nexta Infrastructure Holdco has agreed to buy a 26.5MW Italian solar portfolio.
The projects, ranging from 1MW to 7.3MW are being sold by solar producer R.Power Group and are located in different parts of the country, including Sicily and Umbria.
The final sale agreement is expected to be concluded no later than by June 2024.
R.Power said the move aligns with the company’s strategy of asset rotation and is a deliberate shift in focus from small-scale to medium and large-scale projects.
Italy is still a vital part of R.Power’s market presence, and the company’s commitment to growth in Italy remains steadfast it added. It has assembled a dedicated team in the region and currently maintains an extensive project pipeline of over 700MWp actively under development.
“We are dedicated to the development of medium and large-size projects in the Italian photovoltaic market,” said says R.Power board member Klaudiusz Kalisz.
“The transaction will enable the company to make further investments and focus on the expansion of new innovative projects’ pipeline in this part of Europe.”