European Energy divests 151 MW solar PV project in Sicily to Sosteneo

European Energy has completed the divestment of its remaining stake in a 151 MW solar PV project located in Mineo, Sicily, to the Italian investment management firm Sosteneo.

This transaction marks the final stage of a partnership that began in 2023, when Sosteneo initially acquired a 50% stake in the project as part of a broader agreement covering multiple solar assets in the region. With the completion of the deal, Sosteneo now assumes full ownership and responsibility for the construction and long-term operation of the solar facility. The project had already progressed to a “ready-to-build” stage before the sale, making it an attractive and bankable asset for long-term investors. A key factor supporting the transaction was the award of a Contract for Difference (CfD) under Italy’s FERX scheme in December 2025, which provides long-term revenue stability and reduces financial risk. This framework enhances investor confidence and ensures predictable income once the project becomes operational.

European Energy has recently obtained several Contracts for Difference (CfD) across its Italian portfolio, including five solar projects with a combined capacity of 513 MW awarded under the same scheme. These contracts enhance the financial viability of the projects and help enable investment and transaction opportunities throughout the portfolio.

In Sicily, the company is also advancing one of Italy’s largest solar developments—a 225 MW agri-photovoltaic project near Vizzini. This project integrates renewable energy generation with ongoing agricultural activities and has reached a final investment decision after successfully securing a CfD in the same FERX auction.