EQUITA Capital SGR, a multi-asset management platform and part of the Italian investment bank EQUITA Group, announced that EQUITA Green Impact Fund (EGIF) launched its deployment phase with a binding offer to acquire a 75% stake in a 74 MW solar project portfolio from DOMINION, an end-to-end project development company.
The portfolio includes four projects, two in Sicily and two in Basilicata, Italy, in the ready-to-build stage.
The EGIF is classified as Article 9 under the European Sustainable Finance Disclosure Regulation, which ensures strict oversight of environmental, social, and governance policies throughout all development and construction phases.
This transaction follows EGIF’s second closing last December, bringing the fund size to €140 million (~$145.5 million). EGIF is targeting €200 million (~$207.8 million) in assets under management by the fourth quarter of 2025.
DOMINION will be responsible for the construction and development of the solar projects.
Balthazar Cazac, Managing Partner at EGIF, commented, “We are thrilled to launch EGIF’s deployment phase with this strategic acquisition. This partnership underscores our commitment to investing in high-quality renewable energy projects that contribute to Italy’s decarbonization goals. We are excited about the potential of these projects to deliver clean energy and generate attractive returns for our investors. We are confident that this is just the beginning of a long and fruitful collaboration with DOMINION, leveraging their extensive portfolio of upcoming projects in Italy.”
According to Mercom’s Annual and Q4 2024 Solar Funding and M&A report, 217 large-scale solar project acquisitions totaling 37.7 GW were transacted in 2024, compared to 231 transactions totaling 45.4 GW in 2023.
Last year in December, DRI, a renewable energy company based in Amsterdam and a subsidiary of the DTEK Group, announced the signing and completion of a purchase agreement to develop a 166 MWp solar portfolio in Sardinia, Italy. The portfolio, named Project Nox, comprises four solar projects acquired from Enerland, a solar engineering, procurement, and construction firm.
