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Strategic Acquisition of a ca. 5MW Solar Portfolio in Italy

2 min read time

Bluefield Italia Srl (‘Bluefield’)

‘Bluefield to leverage in house technical expertise to optimise efficiency’

Advised by Bluefield Italia Srl, Bluefield Revive Italia l Srl (“the vehicle”), is proud to announce purchase of ca. 5MW solar PV portfolio in Sicily and Apulia, Italy. This strategic investment is backed by Bluefield’s team of renewable energy experts.

Since commencing operations in 2010/2011, the portfolio has shown immense potential, despite previous technical challenges. Bluefield intends to capitalise on its extensive renewable sector expertise to implement critical enhancements and optimise the plant’s efficiency.

A phased panel replacement and revamping activities are scheduled to commence in 2024. This initiative aims to increase the plant’s overall productivity. The ultimate goal is to improve the returns of the fund while enabling the plants in realising their full potential for renewable energy generation.

This acquisition aligns with Italy’s ambitious target of sourcing two-thirds of its electricity from renewable energies by 2030 and strengthens Bluefield’s commitment to fostering a sustainable future. Following a successful funding round in August 2023, Bluefield is actively contributing to Italy’s renewable energy targets and the national drive towards Net zero by 2050.

For this transaction, Bluefield partnered with Legance for legal services with Cristina Martorana, Valeria Viti, Alessandro Sassoli and Lorenzo Massaro. Bluefield also partnered with Kiwa Moroni for technical advisory, and PwC for tax and accounting expertise.

About Bluefield

Founded in London in 2009, the Bluefield group of companies provides M&A, asset management, development and construction management services throughout the lifecycle of the renewable assets under management, specialising in greenfield and brownfield solar PV, onshore wind, and battery storage.  With over a decade in the sector, Bluefield has developed a comprehensive platform covering investment, asset management, and technical services to speed up the shift to clean energy and net zero.

As it stands, the Bluefield group manages assets worth over €1.7 billion across the UK and EU, with a keen eye on shareholder interests. The group employs around 150 people across the UK and Europe, all committed to safeguarding assets and delivering profit with purpose for a sustainable future. For further details, visit www.bluefieldllp.com.


For further information:

Bluefield Partners LLP
Juliet Drinkwater, Investor Relations Manager
Tel: +44 (0) 7562 616 567
www.bluefieldllp.com

Bluefield Italia Srl
Alberto Paturzo, Director for Southern Europe
Tel: +39 06 9779 7145
info@bluefieldtalia.com


Forward-Looking Statements:

This press release may contain forward-looking statements that are based on current expectations and projections about future events, as of December 2023.

This press release (Press Release) has been prepared and issued, by Bluefield Italia Srl (Bluefield or the Company), a Limited Liability Company registered in Italy with registered company number MI – 2069253. Bluefield’s registered office address is Via Giovanni Boccaccio 7, Milan, 20123, Italy and its fiscal code number is 09110160968. You can contact Bluefield by post to our registered office address.


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