Equita Leads Energy Transition in Italy with Strategic Solar Acquisition

Deal News | Jan 22, 2025 | Equita Capital Sgr SPA

Equita Leads Energy Transition in Italy with Strategic Solar Acquisition

Equita Capital SGR, part of the Equita Group and a leading multi-asset management platform in Italy, has announced the launch of the deployment phase for its Equita Green Impact Fund (EGIF). The fund has made a binding offer to acquire a 75% stake in a 74 MW solar PV portfolio from Dominion, a global services company. This move marks a significant milestone in EGIF's commitment to supporting Italy’s energy transition and aligns with their sustainable investment strategy. The solar projects, located in Sicily and Basilicata, Italy, will be overseen by Dominion, ensuring the implementation of high ESG standards. This acquisition follows EGIF's second closing at €140 million, showcasing strong investor confidence in their renewable energy focus. EGIF aims to reach a final close of €200 million by Q4 2025. The fund, managed by Equita Capital SGR, concentrates on renewable energy assets across Italy and Europe, specifically solar, wind, and biogas technologies. It operates under the European Sustainable Financial Disclosure Regulation, striving for impactful, risk-adjusted returns.

Sectors

  • Renewable Energy
  • Private Equity

Geography

  • Italy – The solar PV projects are located in Sicily and Basilicata, and the fund focuses on investments across Italy.
  • Europe – The fund focuses on investing in energy transition projects across Europe, in addition to Italy.

Industry

  • Renewable Energy – The article centers around the acquisition of a portfolio of solar PV projects, highlighting investment in renewable energy sources.
  • Private Equity – Equita Capital SGR, a private equity firm, is managing the Equita Green Impact Fund, which invests in renewable energy assets.

Financials

  • €140 million – Amount raised during the second closing of the Equita Green Impact Fund.
  • €200 million – Target final fund size for the Equita Green Impact Fund by Q4 2025.

Participants

NameRoleTypeDescription
Equita Capital SGRFund ManagerCompanyA multi-asset management firm part of the Equita Group, managing the Equita Green Impact Fund which focuses on renewable energy.
DominionVendor and Project DeveloperCompanyA global services company providing end-to-end project solutions and managing the construction of the acquired solar projects.
Equita Green Impact Fund (EGIF)AcquirerCompanyA fund managed by Equita Capital SGR, investing in renewable energy assets, particularly solar PV, wind, and biogas.
Balthazar CazacManaging PartnerPersonManaging Partner at the Equita Green Impact Fund, involved in the management and strategic decisions of the fund's investments.