European Energy, a renewable energy project developer, has completed the divestment of its remaining stake in the 151 MW Mineo solar project to the Italian investment management firm Sosteneo.
With this transaction, Sosteneo assumes full ownership of the project and will be responsible for construction and future operations.
“This transaction is a clear example of how European Energy structures and executes phased divestments,” said Jens-Peter Zink, Deputy CEO at European Energy.
Located in Mineo, Sicily, the solar project was awarded a contract for difference (CfD) under the Italian FERX program in December 2025. The CfD framework provides long-term revenue visibility and was a key element underpinning the transaction.
“This transaction reflects a structured approach to partnerships and capital rotation in our Italian portfolio,” said Alessandro Migliorini, Director and Country Manager of Italy at European Energy. “By progressing the project to the ready-to-build stage and securing a CfD, European Energy has created the conditions for an efficient divestment while enabling a smooth transition to a long-term owner.”
Recently, European Energy has secured multiple CfD awards across its Italian portfolio, with five solar projects totaling 513 MW awarded contracts under the same scheme. Additionally, the company is advancing on a 225 MW agrivoltaics project near Vizzini in Sicily, which reached final investment decision following a CfD award in the same FERX auction.
Previously, in February, the company completed a long-term financing of €64.5 million (~$77 million) for the Kvosted hybrid solar and battery energy storage project in Viborg Municipality, Denmark. European Energy also agreed to sell a 50% stake in its 111 MW Saldus solar and battery project in Latvia to Sampension, a Danish pension fund organization. The Saldus project comprises a 65 MW solar project with a 46 MW battery energy storage system.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, approximately 37.4 GW of solar projects were acquired in 2025, compared to 37.7 GW in 2024.
