Limes Renewable Energy has completed the sale of a 287-megawatt (MW) portfolio of wind and solar photovoltaic (PV) projects in Italy to an undisclosed international independent power producer (IPP), the company said on Tuesday.
The transaction involves a balanced mix of wind and solar PV projects, including 50MWp of authorised solar capacity. The deal marks a significant milestone in Limes’ development pipeline, as it continues to expand its global operations, particularly in Italy and Chile.
Under the agreement, Limes will continue to support the development of the projects until they reach ready-to-build status. The company will also advise the buyer during the final permitting phase.
Once fully operational, the projects are expected to generate approximately 669 gigawatt-hours (GWh) of electricity annually, contributing to Italy’s efforts to decarbonise its energy system and increase the share of renewables in its power mix.
“This transaction marks a pivotal moment for Limes, reaffirming our ability to identify opportunities, develop and deliver high-quality renewable energy assets at scale,” said Cristiano Spillati, managing director of Limes. “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.”
Limes reported a total global development pipeline of 6 gigawatts (GW), and to date has advanced 17 projects totaling 275MW to ready-to-build stage. The company expects an additional 100–150MW of new projects to reach this stage within the next 12 months.
“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,” Spillati added. “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.”
The sale reflects continued investor interest in Italy’s renewable energy sector, amid ongoing efforts to meet national and European climate targets.
