European Energy has divested its remaining stake in the 151MW Mineo solar photovoltaic project in Sicily to Sosteneo, completing a partnership between the two companies initiated in 2023.
The deal transfers full ownership, as well as responsibility for construction and operations, to Sosteneo. European Energy said the project had reached a ready-to-build stage prior to the divestment and secured a contract for difference (CfD) under Italy’s FERX scheme in December 2025.
The CfD is expected to provide long-term revenue visibility, supporting the financial viability and bankability of the project. The Mineo Solar PV Project forms part of Italy’s broader renewable energy expansion efforts.
“This transaction reflects a structured approach to partnerships and capital rotation in our Italian portfolio,” said Alessandro Migliorini, director and country manager Italy at European Energy.
“By progressing the project to 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,” he added.
“This transaction is a clear example of how European Energy structures and executes phased divestments,” said Jens-Peter Zink, deputy chief executive of European Energy.
“By taking projects through development and into a bankable position, the company is able to attract long-term investors and recycle capital into new opportunities,” he added.
