Spanish solar energy specialist Soltec Power Holdings has announced the sale of a 49% stake in a 52-MW solar project in Catania, Sicily, Italy, to Germany's Aquila Clean Energy. The transaction, conducted at the ready-to-build (RTB) stage, was completed for an undisclosed amount.
The agreement ensures Soltec's continued participation in the project, serving as both the supplier of solar trackers and the provider of construction services. The specifics of the deal underline Soltec's strategic positioning in the solar project, with the company retaining essential roles in its development.
This transaction marks a continuation of the partnership between Soltec and Aquila Clean Energy, which commenced in late 2020 when Soltec sold a 51% stake in ten solar projects totaling 249 MW.
The initial agreement included provisions for the potential sale of the remaining interest upon reaching the RTB status or commercial operation date. The Catania project was part of this arrangement, which also outlined the co-development of up to 750 MW of solar capacity in Italy.
Throughout 2021, the collaboration between Soltec and Aquila Clean Energy persisted, with additional transactions announced in October and December of that year, further solidifying their joint efforts in the solar energy sector.