Qualitas Energy and Mirova unite to power Italy’s energy transition through a 250 MW renewables platform

Qualitas Energy and Mirova Establish Italian Renewable Platform to Build and Operate Up to 250 MW of Solar and Wind Projects, Strengthening Italy’s Energy Transition

Qualitas Energy and Mirova announced today that they have signed an agreement to establish Italian Renewable Platform s.r.l., a joint venture dedicated to owning, developing, building, and operating up to 250 MW of renewable energy projects in Italy
Qualitas Energy has developed the entire portfolio through its fund Qualitas Energy IV
Mirova will invest in equity through its fund Mirova Energy Transition 6, which aims to support resilient infrastructure essential to decarbonising energy production and consumption in OECD countries

Qualitas Energy, a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure, announced today the signing of an agreement with Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investing, to establish Italian Renewable Platform s.r.l.

This joint venture will focus on owning, developing, building, and operating up to 250 MW of renewable energy projects in Italy. Italian Renewable Platform s.r.l will be majority-owned by Mirova, through its fund Mirova Energy Transition 6, with a strong involvement from Qualitas Energy, which will provide development, construction supervision, and monitoring services to the platform.

The portfolio comprises 33 solar photovoltaic (PV) projects located across eight regions in Italy: Piemonte, Friuli, Marche, Lazio, Campania, Basilicata, Sardegna, and Sicilia. These projects vary in maturity, including 53 MWp of operational projects, 41 MWp of ready-to-build projects, and 54 MWp of projects in the late development phase, with the ready-to-build projects expected to be completed by December 2025. Additionally, the portfolio may be expanded to include wind projects with an anticipated capacity of around 100 MW.

This portfolio has been entirely developed by Qualitas Energy through its fund Qualitas Energy IV.

Manuel Espinosa, Partner – Investment at Qualitas Energy, said: “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. 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.”

Raphaël Lance, Global Head of Private Assets, Head of Energy Transition funds at Mirova, added: “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 by Mirova in Italy represents a significant step to support the transition of the country’s energy mix. The Italian renewable market showcases strong fundamentals, characterised by stable regulations, a robust national support mechanism, and a dynamic power purchase agreement (PPA) market.”

Qualitas Energy was advised by GreenHorse (legal). Mirova was advised by Watson Farley & Wiliams (legal), KPMG (financial & tax), Kiwa Moroni (technical), and WTW (insurance).

About Qualitas Energy
Qualitas Energy is a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure. Since 2006, the Qualitas Energy team has dedicated over €14 billion to the energy transition worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, and Qualitas Energy V. Qualitas Energy’s existing portfolio currently comprises over 11 GW of operating and development energy assets across Spain, Germany, the UK, Italy, Poland, Chile, and the United States. This includes 7 GWp of solar PV, 4 GW of wind energy, 242 of concentrated solar power (CSP) assets, 136 MW of battery storage, 66 MW of hydroelectric power, and 1.9 TWh of biomethane. Qualitas Energy has produced enough energy to supply 1.2 million homes and has successfully avoided the emission of 1 million metric tons of CO2 equivalent since 2022. The Qualitas Energy team is composed of more than 540 professionals across fifteen offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, Santiago, Durham, Bristol, and Edinburgh.

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Fund manager

Qualitas Energy

Madrid, Spain

Qualitas Energy is a leading investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment. Since 2006, the Qualitas Energy team has dedicated more than €12 billion to the energy transition worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, and Qualitas Energy V. Qualitas Energy’s existing portfolio currently holds 11 GW of operating and development energy assets, across Spain, Germany, the UK, Italy, Poland, Chile, and the US. Since 2020, Qualitas Energy has produced sufficient energy to power 1.54 million homes and, since 2021, has successfully avoided emissions of 1.32 million metric tons of CO2 equivalent. The Qualitas Energy team is composed of more than 540 professionals across fifteen offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, Santiago, Durham, Bristol, and Edinburgh.

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