by Raoul de Forcade
24 March 2026
2' min read
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2' min read
For feedback, please contact
english@ilsole24ore.com
Sosteneo has acquired a 50 per cent stake in the 151-megawatt Mineo photovoltaic project located in the province of Catania, Sicily, Italy, from European energy (Ee), an independent energy producer with headquarters in Denmark and a division in Italia. With this purchase, the value of which has not been disclosed, the Italian investment management company, which specialises in greenfield infrastructure projects ready for construction and related to the energy transition, completes a deal already initiated three years ago.
Sosteneo (part of Generali Investments) had, in fact, initially acquired a 50% stake in the project, in November 2023, on behalf of clients, as part of a structured partnership with European energy. The completion of this transaction means that Sosteneo will assume full ownership of the project.
Mineo was developed by Ee, which carried the project from the development phase through to construction. As full owner, Sosteneo will now be responsible for the construction and long-term ownership of the plant. The project also successfully participated in the Fer-X auction in September 2025 (Italy’s contract-for-difference incentive scheme for renewable energy, the results of which were announced in December 2025). Under the Fer-X programme, therefore, 70 per cent of the project’s production will be remunerated through the incentive system, providing long-term visibility on revenues, as well as some protection against the risk of reduced production and negative prices.
‘This transaction,’ says Alessandro Migliorini, director and country manager of European energy Italia, ‘reflects a structured approach to partnerships and capital turnover in our Italian portfolio. By taking the project to the ready-build phase and securing a Cfd (contract for difference, ndr), Ee created the conditions for an efficient divestment, while enabling a smooth transition to a long-term owner.”
European energy recently won several Cfd contracts for its Italia portfolio, with five solar projects totalling 513 megawatts, awarded under the Fer-X programme. “This transaction,’ commented Jens-Peter Zink, Deputy CEO of Ee, ‘is a clear example of how our group plans, structures and executes gradual divestments. By taking projects through to the development stage and making them financeable, the company is able to attract long-term investors and reinvest capital in new opportunities.
Raoul de Forcaderedattore
Luogo: Genova
Lingue parlate: italiano, inglese
Argomenti: shipping, nautica, economia, finanza.
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