Through its April-launched Ardian Clean Energy Evergreen Fund (ACEEF), Ardian has finished buying a 100MW PV pipeline in Italy.
Three photovoltaic projects in Sardinia are included in the portfolio, which was sold by Atlas and Heron Advisory.
The projects are already in ACEEF’s management, and the full investment will be made after all required authorizations have been received.
The three photovoltaic initiatives seek to become agro-voltaic by fusing current sheep farming and agricultural endeavours with sustainable photovoltaic energy generation.
These assets are added to the Fund’s current portfolio, which now includes 13 businesses that own wind and solar assets with a combined capacity of more than 1GW throughout Europe and the Americas.
Additionally, this deal enables ACEEF to expand its footprint in Italy.
After this purchase, the firm now has a diverse portfolio of 283MW worth of wind and solar assets in Italy.
This comprises the Energia & Servizi portfolio, which was purchased in 2022 and consists of 52MW of completely permitted wind projects that are scheduled to be developed in the upcoming years and 84MW of operational wind farms.
The Fund will keep an eye out for emerging technologies like biogas, biomass, storage, and energy efficiency in addition to well-established renewable assets like photovoltaic, wind, and hydro.
Mathias Burghardt, Head of Ardian Infrastructure and member of Ardian’s executive committee, said “This investment perfectly suits the strategy of the Ardian Clean Energy Evergreen Fund, which benefits from Ardian’s deep industrial expertise, including from its operations engineers and investment professionals, as well as the firm’s bespoke OPTA technology.”
“The transaction demonstrates once again Ardian’s industrial approach in the energy sector, as we support the real economy with long-term capital and a clear goal to accelerate the energy transition.”
“With ACEEF, Ardian’s mission is to take further responsibility for advancing and developing sustainable projects to fight climate change and to contribute to energy independence.”