EQT Infrastructure is planning to sell down a minority stake in Germany-based IPP Tion Renewables, it is understood.

The Nordic investor mandated financial advisor DC Advisory to run the upcoming sales process in late 2025, according to market sources. The bidding timeline is not yet known.

EQT’s move to bring in a minority co-investor for Tion comes after the IPP at the start of January formally concluded an outsourcing agreement with Clearvise (in which it has a minority stake) through which it will manage the latter’s 489 MW renewables portfolio (388 MW of which is already operational) and take on its team.

Tion’s owned operational portfolio stood at 430 MW as of the end of 2025 – with onshore wind and solar PV assets principally located in Spain, Germany and Poland, and a small 4 MW solar portfolio in Italy.

It aims to take its operational onshore wind, solar PV and BESS portfolio to 3 GW by 2030.

EQT Infrastructure acquired Tion in 2023.

EQT declined to comment.

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