European Energy Divests 90 MW Cerano Solar Project in Italy

Once operational, the park is expected to generate approximately 160,000 MWh of electricity per year – sufficient to meet the annual consumption of around 55,000 Italian households. The park is located adjacent to an existing industrial zone in Brindisi – a province historically defined by large-scale fossil-fuel generation. European Energy developed the project on already-industrialised land, limiting new land consumption and placing the project at the centre of Brindisi’s ongoing transition from fossil-fuel generation to renewable energy.

The transaction is part of European Energy’s strategy to develop and mature renewable energy projects before divesting them and reinvesting the proceeds into new developments across its global pipeline. The deal also reinforces the company’s growing renewable energy portfolio in Italy, where it is currently building the 250 MW Vizzini agrivoltaic project in Sicily, one of the country’s largest agri-PV developments.