Green Utility acquires Mareccio Energia, a portfolio of solar PV in Italy

Green Utility has entered into a binding agreement to acquire Mareccio Energia, a portfolio of solar PV in Italy, marking a rapid take-off in its growth strategy.

Paris/Rome, August 01, 2025 - Green Utility, a solar PV platform focused on distributed generation and self-consumption solutions for Commercial and Industrial (C&I) clients in Italy, has entered into a binding agreement with Basalt Infrastructure Partners to acquire Mareccio Energia, a portfolio of solar-PV in Italy.

The transaction includes a fully operational solar PV portfolio of 61 MW across 66 plants, primarily located in Puglia, Umbria, and Sicily. The Mareccio Energia assets offer a diversified geographical
footprint that complements Green Utility’s existing portfolio. Plans are already in place to revamp and repower parts of the portfolio to further increase its capacity and performance.

This acquisition marks a first step forward in Green Utility’s expansion roadmap. With InfraVia as the majority shareholder since the end of 2024, Green Utility is on track to triple the size of its platform from an initial portfolio of c.50MW to more than 170MW within one year, leveraging both organic growth and acquisitions.

InfraVia and Green Utility aim to capitalize on the company’s proven expertise in project development, construction, and operations to establish a leading position in Italy’s distributed solar PV market.

Silvio Gentile, CEO and Founder of Green Utility, said:

“This acquisition represents a significant acceleration of Green Utility’s strategic ambitions. Our goal is to become a leading partner for self-consumption and energy efficiency solutions in the C&I segment, combining behind-the-meter installations with stand-alone generation capacity sold directly to end users. We already serve several high-profile clients in Italy’s industrial sector and are focused on developing distributed assets located close to consumption centers. By expanding our asset base and geographic reach, we aim to offer a fully integrated consumption model tailored to the evolving needs of our C&I clients.”

John Hanna, Managing Partner, Basalt Infrastructure Partners, said:

“It has been a great experience to build and manage the Mareccio Energia portfolio through our ownership and we have enjoyed working alongside Green Utility to deliver this transaction. We wish them success in the next phase of development”.

Lazard acted as sole financial advisor to Green Utility while ValeCap acted as sole financial advisor to Basalt Infrastructure Partners.

The terms and conditions of the contemplated transaction are not disclosed, and closing is envisaged in September 2025.

MEDIA CONTACTS

Green Utility
Giulia Agolini | Green Utility |giulia.agolini@greenutility.eu| +39 3462385512

Basalt Infrastructure Partners
press@basaltinfra.com

_____________________

ABOUT GREEN UTILITY

Founded in 2007 and headquartered in Rome, Green Utility is a vertically integrated solar PV platform. It has been an early mover in the field of distributed generation and self-consumption
for C&I clients in Italy (both rooftop and ground-mounted plants). The company aims to bring electricity production closer to consumption via solutions that allow C&I clients to optimise their electricity supply with installations dedicated to self-consumption in addition to their existing grid connections.

For more information, please visit www.greenutility.com

ABOUT BASALT

Basalt is the investment advisor to the Basalt funds. The Basalt funds are infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and
communications infrastructure in North America and Europe. The Funds have invested c.US$7bn across 31 investments in total, including 18 European investments representing US$3.6bn.

For more information, please visit www.basaltinfra.com

LikeDiscussion

Discussion

You are commenting on Green Utility acquires Mareccio Energia, a portfolio of solar PV in Italy

You must be logged in to add a comment

There are no comments

Be the first to add to the discussion

Fund manager

Infravia Capital Partners

Paris, France

Founded in 2008, InfraVia is a leading independent private equity firm specializing in real assets - infrastructure, critical metals, real estate - and technology investments. InfraVia is a conviction-driven investor focusing on resilient businesses partnering with management teams, entrepreneurs, or industrials to develop their businesses and drive long-term value creation through active, hands-on asset management. InfraVia manages EUR 15 billion of capital* and invested in 50+ companies across Europe. *Total amount of capital raised

private equityinfrastructurereal estategrowth

Related news

InfraVia enters into a purchase agreement for the acquisition of a majority stake in Green Utility and partners with its founder-led management team

InfraVia Capital Partners (“InfraVia”), a leading European infrastructure investor, is pleased to announce that it has entered into a purchase agreement to acquire a majority stake in Green Utility (the Company). Green Utility is a solar PV platform focusing on distributed generation and self-consumption for Commercial and Industrial (C&I) clients in Italy.

Infravia Capital Partners

Green Arrow Capital grows in the spanish market. Construction underway for a 135MW solar photovoltaic portfolio

EPC contracts have been signed with Voltalia and a Construction Facility has been secured from Banco Santander

Green Arrow Captial

Green Arrow Capital, Stern Energy, and SMA Solar Technology complete a major inverter revamping project in Italy

The project involves Green Arrow Capital’s photovoltaic assets in Sicily, and will allow for a 20% increase in plant productivity. The revamping will provide clean energy for over 3,500 families, offsetting around 4,000 tonnes of CO₂ emissions annually.

Green Arrow Captial

I Squared commits USD $400 million to Órigo Energia, Brazil’s largest distributed generation platform

I Squared Capital has agreed to invest up to $400 million in Órigo Energia, Brazil’s leader in distributed energy generation. The funding will support the construction of over 2GW of distributed solar projects across 20 states, with an estimated capital expenditure of R$6 billion.

I Squared Capital

Capital Dynamics Secures EUR 185m in Project Financing For Two of Italy’s Largest Agrivoltaic Assets in Sicily

Capital Dynamics has successfully secured €185 million in project financing for two of Italy’s largest subsidy-free Agrivoltaic projects in Sicily, with Natixis Corporate and Investment Banking as the sole underwriter and structuring lead.

Capital Dynamics

Repsol partners with Schroders Greencoat in a 400 MW Spanish renewable portfolio valued at €580 million

Schroders Greencoat, a leading renewables manager under Schroders Capital, has acquired a 49% stake in Repsol’s €580 million renewable energy portfolio, which includes eight wind farms (300 MW) and two solar plants (100 MW) in northern Spain.

Schroders Greencoat LLP

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

Green Arrow Capital and L&L Group sell a portfolio of 5 biomethane plants to Verdalia Bioenergy

The operation concerns 5 greenfield plants located in Northern Italy, which are in an advanced stage of development The agreement comes just a few months after GAC and L&L sold their first asset portfolio to Verdalia. The portfolio ranks amongst the most important in Italy and confirms the partners’ ability to increase the value of strategic biomethane assets. This initiative contributes to the growth of an expanding market where both players are among the key actors.

Green Arrow Captial

ElectroRoute and Low Carbon announce balancing PPAs for 140 MW of UK solar projects

ElectroRoute and Low Carbon have signed four balancing Power Purchase Agreements (PPAs) covering UK solar projects with a combined capacity of around 140 MW.

Low Carbon

Capital Dynamics Ends 2024 as One of Italy's Leaders in Renewable Energy Asset Construction

Capital Dynamics has made significant strides in renewable energy asset construction in Italy in 2024, solidifying its position as an industry leader. Over the past year, the firm completed four solar photovoltaic (PV) projects with a combined capacity of 128 MW, located in the Lazio and Sicily regions.

Capital Dynamics