Qualitas Energy has partnered with Natixis Investment Managers’ affiliate Mirova to develop up to 250MW of renewable energy projects in Italy.
The companies have signed an agreement to establish the Italian Renewable Platform, a joint venture (JV) to own, construct, and operate the projects.
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Through its Mirova Energy Transition 6 fund, Mirova will hold the majority stake in the JV while Qualitas Energy will oversee development, construction supervision, and monitoring.
The portfolio consists of 33 solar photovoltaic (PV) projects across eight Italian regions, including, Campania, Sardegna, and Sicilia.
It includes 53MWp of operational projects, 41MWp of ready-to-build projects, and 54MWp in late development.
Project construction is expected to be completed by the end of this year. The platform may also expand to incorporate wind projects with an estimated capacity of approximately 100MW.
The entire portfolio has been developed by Qualitas Energy through its Qualitas Energy IV fund.
Qualitas Energy partner – investment Manuel Espinosa said: “By partnering with an ally who shares our vision for a sustainable future, we ensure these assets continue to create value. We remain fully dedicated to the platform, providing our capabilities in development, construction supervision, and portfolio monitoring.
“Our long-term commitment to Italy and its energy transition is steadfast: we will continue to play an active role in advancing the country’s clean energy landscape, and we are actively expanding our project pipeline by pursuing new opportunities.”
Qualitas Energy received legal advisory support from GreenHorse while Mirova was advised by Watson Farley & Williams on legal matters, KPMG on financial and tax aspects, Kiwa Moroni on technical evaluations, and WTW on insurance.
Mirova head of energy transition funds and global head of private assets Raphaël Lance added: “We are excited to partner with Qualitas Energy, a trusted collaborator with whom we have successfully invested in projects in Spain. This first direct investment by Mirova in Italy represents a significant step to support the transition of the country’s energy mix.
“The Italian renewable market showcases strong fundamentals, characterised by stable regulations, a robust national support mechanism, and a dynamic power purchase agreement (PPA) market.”
Qualitas Energy is a global investment and management platform focused on funding and the development of renewable energy, energy transition, and sustainable infrastructure.
Since 2006, the Qualitas Energy team has dedicated more than €12bn to the energy transition globally.
