European Energy Divests High-Capacity 151 MW Solar PV Project In Sicily

European Energy has finalized the sale of its remaining stake in a 151 MW solar photovoltaic project located in Mineo, Sicily. The buyer is Sosteneo, an Italian investment management firm that now becomes the full owner of the project. This transaction concludes a partnership that began in 2023, when Sosteneo initially purchased a 50 percent share as part of a wider agreement covering several solar developments in the region. With the latest acquisition, Sosteneo will take on full responsibility for the construction phase and long-term operation of the facility.

According to Alessandro Migliorini, Director and Country Manager for Italy at European Energy, the deal reflects the company’s structured approach to managing partnerships and rotating capital within its Italian portfolio. He explained that bringing the Mineo project to a ready-to-build stage and securing a contract for difference (CfD) created the right conditions for an effective divestment, while also ensuring a seamless transfer to a new long-term owner.

The Mineo solar project was awarded a CfD under Italy’s FERX scheme in December 2025. The CfD system guarantees price stability over the long term, giving investors clearer revenue expectations. This stability was an important factor supporting the transaction and enhancing the project’s financial viability.

European Energy has been actively expanding its presence in Italy and has secured multiple CfD awards across its national portfolio. Recently, five solar projects with a combined capacity of 513 MW were granted CfDs under the same scheme. These awards help improve project bankability and open further opportunities for transactions and long-term investment partnerships.

Jens-Peter Zink, Deputy CEO of European Energy, noted that the Mineo transaction demonstrates how the company successfully manages phased divestments. By guiding projects from development to a financially strong, bankable position, the company is able to attract stable, long-term investors and reinvest capital into new clean-energy ventures.

The Mineo project forms part of European Energy’s broader development strategy in Italy. The company has built a strong pipeline of large-scale solar initiatives across regions such as Sicily, Apulia, and Molise. In Sicily, one of its major undertakings is a 225 MW agri-PV project near Vizzini, which integrates renewable-energy production with ongoing agricultural activity. This project moved forward to final investment decision after successfully securing a CfD in the same FERX auction.