Limes Renewable Energy (Limes), a global developer specialising in solar, wind and battery energy storage system (BESS) projects, has successfully completed the sale of a 287 MW Italian portfolio of solar PV and wind projects to an International IPP (Independent Power Producer) with presence in the country. This transaction demonstrates Limes’ longstanding expertise in the renewable energy market and is another example of the company’s ability to deliver high quality projects. With a total portfolio of 6 GW in development, Limes continues to expand its global presence, with a strong track record in Italy and Chile.
This transaction further strengthens Limes’ position as a key player in the renewable energy sector, with a history of delivering high-quality assets to institutional investors worldwide. To date, Limes has successfully seen 17 projects (for 275MW) through to a ready-to-build stage, globally, and over the next 12 months it expects an additional 100-150 MW of new projects to reach this stage, further solidifying the company’s commitment to accelerating the energy transition.
The portfolio sold is split equally between solar PV and wind projects, with 50 MWp of solar PV projects already authorised. Under the terms of the transaction, Limes will continue to provide development support until the projects reach the ready-to-build stage, further advising the international investor during the final permitting phase. Once fully operational, the portfolio is expected to generate approximately 669 GWh/year, significantly contributing to Italy’s renewable energy transition.
Cristiano Spillati, Managing Director of Limes, said: “This transaction marks a pivotal moment for Limes, reaffirming our ability to identify opportunities, develop and deliver high-quality renewable energy assets at scale. 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. 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. 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”.