Limes Renewable Energy, a developer of solar, wind, and energy storage projects, has completed the sale of a 287 MW solar and wind project portfolio in Italy to an undisclosed international independent power producer.
The portfolio sold is split equally between solar PV and wind projects, with 50 MWp of solar PV projects already authorised. Under the terms of the transaction, Limes will continue to provide development support until the projects reach the ready-to-build stage and further advise the international investor during the final permitting phase.
The company is stated to have a total portfolio of 6 GW in development. To date, 17 projects, totaling 275 MW, are in the ready-to-build stage, and over the next 12 months, the company anticipates an additional 100–150 MW of new projects reaching this stage.
Cristiano Spillati, Managing Director of Limes, said: “This transaction marks a pivotal moment for Limes, reaffirming our ability to identify opportunities, develop and deliver high-quality renewable energy assets at scale. The sale of this portfolio to an international IPP investing in Italy, underscores the strength of our pipeline and our commitment to accelerating the energy transition in the country. With our proven expertise in solar, wind, and battery energy storage systems we remain focused on delivering best-in-class projects that drive sustainable growth. We are honoured that Limes continues to attract international investors of this calibre and is recognised as a trusted partner in bringing projects ready for construction”.
According to Mercom’s Q1 2025 Solar Funding and M&A report, about 13.6 GW of solar projects were acquired in Q1 2025 compared to 10.8 GW in Q1 2024.
Earlier this month, Apex Clean Energy, a renewable energy project developer, entered into an agreement with Electricity Generating Public Company Limited (EGCO Group) to sell its 49% ownership interest in the Pinnacle II project portfolio, which consists of two projects totaling 251 MW in the U.S.
