Sosteneo is a specialist investment manager focused on construction-ready infrastructure projects that address the system challenges of clean energy delivery. We invest at the value inflection point – post-development risk, pre-brownfield compression – to deliver new infrastructure that meets flexibility, supply, and end-use needs for the energy transition.

Projects in which we invest will have secured long term contracted revenues or offer a strong pathway to long term contracted revenues with the aim of delivering value enhancements through the asset lifecycle, particularly in the areas of origination, construction, operations, financing, cash flow, and exit.

The Firm Leadership have been active in the energy industry since 1992. This multi-cycle experience, combined with deep technical and industrial expertise, provides access to differentiated opportunities and underpins disciplined execution.

Vision and beliefs

Sosteneo aims to be a leader in clean energy infrastructure investing by:

  • Addressing the structural challenges inherent in the delivery of reliable, scalable clean energy
  • Providing genuine additionality through investment in new, construction-ready infrastructure assets
  • Deploying lead capital in meaningful projects, alongside selective partnerships with industrials
  • Focusing on resilient, regulated European markets with a deep and durable opportunity set

The Firm’s long-term objective is to capture attractive commercial opportunities arising from the energy transition, while delivering consistent, stable returns for investors.

Investment process and research

Sosteneo follows a structured four‑phase investment process. 

Sourcing and Screening

Opportunities are initially assessed by the Investment Team. Screening focuses on strategic fit, development stage, value‑creation potential, risk profile, and counterparty quality. Each opportunity is reviewed by the team with a central deal‑flow database supporting pipeline management which is reviewed fortnightly to prioritise opportunities and allocate resources.

Initial Due Diligence

If an opportunity progresses, the Investment Team – supported by Asset Management, Legal and Finance – conducts high‑level due diligence covering technical, commercial, legal, regulatory and ESG aspects, alongside early financial modelling and risk mapping. Findings are captured in an Investment Concept Paper, reviewed by the Investment Committee to decide on full due diligence and non‑binding offers.

Detailed Due Diligence

Approved opportunities undergo comprehensive due diligence, including full financial modelling, legal structuring, commercial review and third‑party assessments. Results feed into an Investment Document outlining project structure, key commercial aspects and risks.

Execution and Asset Management

Following approval, the Investment Team leads execution and remains involved through construction, operations and exit, while Asset Management handles day‑to‑day oversight and value creation.

Compliance statement

All information is as of 31 December 2025. While every care has been taken in preparing this information, except as required by law, none of Sosteneo SGR S.p.A. or their associates makes any representation or warranty as to accuracy or completeness, including, without limitation, of any forecasts, or takes any responsibility for any loss or damage suffered as a result.

The information may contain projections, forecasts, targeted returns, illustrative returns, estimates, objectives, beliefs and similar information which is provided for illustrative purposes only and is not intended to serve, and must not be relied upon as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

The information provided does not purport to be complete, does not necessarily contain all information which a prospective investor would consider material, and has been prepared without taking account of any particular person’s objectives, financial situation or needs.