Sosteneo SGR S.p.A. (“Sosteneo”), part of Generali Investments, has signed an agreement to establish ENOVA Generation – a new operating wind platform in Germany. The platform brings together a portfolio of eleven onshore wind projects with a total capacity of approximately 350 MW, sold by joint ventures (“ENOVA Value”) between Omnes Capital (“Omnes”), on behalf of their funds Capenergie 4 and Capenergie 5, and ENOVA Power GmbH (“ENOVA”). Sosteneo holds the majority stake in the portfolio as the first investment of its second flagship fund, Fund II1. ENOVA retains a minority position and assumes full operational management of the portfolio. 

The transaction is subject to customary approvals and is expected to be completed in Q3 2026. 

The deal marks Sosteneo’s entry into the German market and establishes ENOVA Generation as a platform for further growth in the German wind market. 

Of the 350 MW portfolio, 40 per cent is already operational and generating cash flows from the date of acquisition. The remaining 60 per cent is either under construction or approaching its Final Investment Decision (FID). All projects receive remuneration under Germany’s Renewable Energy Sources Act (EEG) for a period of 20 years, providing long-term, contractually secured revenue visibility. 

You can now read the full press release at the link below