Sunprime Acquires 11 Ready-to-Build Solar Projects Totalling ~100 MWp in Italy from Starlight / NextEnergy Group

Sunprime has acquired 11 fully permitted, ready-to-build solar PV projects totalling approximately 100 MWp in Italy from Starlight, NextEnergy Group's development platform. The transaction is the first building block of Sunprime's Sophocles programme targeting 500 MWp by June 2027, financed by €507 million from EIB and Natixis. Part of the portfolio holds FER-X/CfD incentive contracts.

Transaction date: · Source: starlight-energy.com

Key facts

Transaction date
Technology
Solar PV
Capacity
100 MW
Transaction price
Not disclosed
Country
Italy
Region
Multiple regions across Italy
Continent
Europe
Development status
Ready-to-Build
PPA
Yes

Technology details

11 photovoltaic projects totalling approximately 100 MWp, all fully permitted and ready to enter the construction phase. Projects include both medium and high voltage grid connections. Part of the portfolio has already been awarded under the FER-X/CfD mechanism with incentivised revenues guaranteed for the contractual term. Remaining projects are candidates for future FER rounds and the Energy Release mechanism.

Power purchase agreement (PPA)

Part of the portfolio has been awarded under the FER-X/CfD mechanism, providing incentivised revenues guaranteed for the contractual term. Remaining projects are candidates for future FER rounds and the Energy Release mechanism.

Additional information

Transaction completes the transfer of remaining assets from Starlight's Italian platform of more than 300 MW, developed over the past six years. Starlight has now monetised 1 GW out of 1.3 GW fully permitted. For Sunprime, this is the first building block of the Sophocles investment plan targeting 500 MWp by June 2027, financed by a €507 million banking pool (EIB and Natixis). With this acquisition, Sunprime's platform reaches over 1,250 MWp of solar capacity across more than 700 plants, plus 1.4 GW of BESS in advanced development, construction and operation. Starlight continues in Italy with a development pipeline of approximately 1.2 GW.

Source

Original announcement: https://starlight-energy.com/starlight-completes-transfer-of-11-ready-to-build-solar-projects-in-italy/

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