Sosteneo SGR S.p.A. (“Sosteneo”) has acquired the remaining 50% interest in the 151 MW Mineo solar photovoltaic project1, located in the province of Catania, Sicily, Italy, from European Energy A/S (“European Energy”), a Denmark-based independent power producer.
Sosteneo initially acquired a 50% stake in the Mineo project in November 2023, on behalf of clients, as part of a structured partnership with European Energy. The completion of this transaction results in Sosteneo assuming full ownership of the project and concludes the investment program of Sosteneo’s first flagship fund2.
Mineo was developed by European Energy, which progressed the project through development and into construction-ready stage. As full owner, Sosteneo will now be responsible for construction and long-term ownership of the asset.
The project successfully participated in the September 2025 FER-X auction, Italy’s contract-for-difference support scheme for renewable energy, with results announced in December 2025. Under the FER-X framework, 70% of the project’s production will be remunerated through the incentive scheme, providing long-term revenue visibility as well as a certain protection from curtailment and negative price risk.
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