Mirova and Qualitas Energy have announced a partnership to create the Italian Renewable Platform, a joint venture aimed at developing, building, and operating up to 250 megawatts (MW) of renewable energy projects across Italy. The platform will focus primarily on solar energy projects, with potential for future expansion into wind energy.
Mirova, a subsidiary of Natixis Investment Managers, will hold the majority stake in the joint venture, while Qualitas Energy will play a key role in the development process, contributing its expertise in construction supervision and portfolio monitoring. The venture will oversee a portfolio of 33 solar projects located across eight Italian regions, including Piemonte, Friuli, Marche, Lazio, Campania, Basilicata, Sardegna, and Sicilia.
The projects in the portfolio vary in terms of maturity. Of the total planned capacity, 53MW are already operational, 41MW are ready to build, and 54MW are in the late stages of development. The ready-to-build projects are expected to be completed by December 2025. The platform may also expand to include wind projects with an additional anticipated capacity of around 100MW.
Mirova will invest in equity through its Mirova Energy Transition 6 fund, while Qualitas Energy has developed the entire portfolio through its Qualitas Energy IV fund.
Raphael Lance, Global Head of Private Assets and Head of Energy Transition Funds at Mirova, expressed enthusiasm for the collaboration, stating, “We are excited to partner with Qualitas Energy, a trusted collaborator with whom we have successfully invested in projects in Spain. This first direct investment of Mirova in Italy represents a significant step to support the transition of the country’s energy mix.”
Lance also highlighted Italy’s strong renewable energy market, saying, “The Italian renewable market showcases strong fundamentals, characterized by stable regulations, a robust national support mechanism, and a dynamic power purchase agreement (PPA) market.”
Manuel Espinosa Balaca, Partner at Qualitas Energy, emphasized the long-term commitment to Italy’s energy transition, adding, “By partnering with an ally who shares our vision for a sustainable future, we ensure these assets continue to create value. We remain fully dedicated to the platform, providing our capabilities in development, construction supervision, and portfolio monitoring.”
He further stated, “Our long-term commitment to Italy and its energy transition is steadfast: we will continue to play an active role in advancing the country’s clean energy landscape, and we are actively expanding our project pipeline by pursuing new opportunities.”
The joint venture marks a significant step forward in Italy’s transition to renewable energy, with Mirova and Qualitas Energy aiming to drive growth and sustainability within the country’s clean energy sector.
