Soltec, Aquila Capital to jointly develop 750 MW Italian solar portfolio

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Powertis SAU, a unit of Spanish solar trackers maker Soltec Power Holdings SA, is partnering with Aquila Capital to build a solar photovoltaic portfolio in Italy with a combined capacity of 750 MW.

Powertis has sold a 51% stake in ten special-purpose vehicles (SPVs) that holds a total of 249 MW in the solar portfolio to Aquila Capital. The design capacities of these projects are ranging between 17 MWp to 52 MWp. Aquila Capital and Powertis will jointly develop the projects at 51/49 split of the cost. Aquila has an option to buy the 49% stake of Powertis once the project reaches commercial operation. 

Financial details of the transaction were not disclosed. 

The projects included are:

  • 52 MW Catania Solartrack solar photovoltaic facility in Sicily
  • 20 MW Tuppetto 1 solar photovoltaic facility located in Basilicata
  • 20 MW Tuppetto 2 solar photovoltaic facility located in Basilicata
  • 20 MW Tuppetto 3 solar photovoltaic facility located in Basilicata
  • 7 MW Ripizzata solar photovoltaic facility located in Apulia
  • 30 MW Sparpagliata solar photovoltaic facility located in Apulia
  • 20 MW Cavaliere solar photovoltaic facility located in Basilicata
  • 30 MW Barba solar photovoltaic facility located in Apulia
  • 20 MW San'Elia 1 solar photovoltaic facility located in Basilicata
  • 20 MW San'Elia 2 solar photovoltaic facility located in Basilicata

 

List of the country updates

Country updates

  • January 07, 2021

    Enel starts building 29.4 MW Castelmauro wind project in Molise

    Enel Green Power has begun construction of the Castelmauro wind farm in Molise, Italy. The plant will be built between the municipalities of Castelmauro and Roccavivara, in the province of Campobasso,...

    Read more
  • January 06, 2021

    SUSI fund invests in Genera Group

    SUSI Partners has acquired a majority stake in Italian energy service company Genera Group through its flagship SUSI Energy Transition Fund. Genera Group is headquartered in Rome and headed by found...

    Read more
  • December 17, 2020

    Enel and Eni jointly develop hydrogen projects

    Global energy sector leaders Enel and Eni are working together to develop green hydrogen projects. The two partners are planning to produce green hydrogen through electrolyzers powered by renewable en...

    Read more
  • December 16, 2020

    Snam enters agreement with Blackstone for 33% stakes acquisition in De Nora

    Snam has signed an agreement with funds managed by Blackstone Tactical Opportunities (Blackstone) for the purchase of a strategic stake of approximately 33% in Industrie De Nora S.p.A. (De Nora), a&nb...

    Read more
  • December 02, 2020

    Aquila Capital launches Pan-European Energy Efficiency Strategy and closes first investment

    The Hamburg-based real asset specialist Aquila Capital launches the Aquila Capital Energy Efficiency Strategy, focussing on investments in small to medium-sized energy efficiency projects in the priva...

    Read more

Share this update