ASSET SALE: Italian solar and storage pipeline put up for sale
FRI-El Greenpower has put up for sale a circa 150MW pipeline of solar and battery storage in the south of Italy, it is understood.
The Bolzano-headquartered renewable energy project developer and operator has launched the disposal of 142MW of PV and 9MW of BESS, according to market sources, with the bulk of the projects located in Apulia and Basilicata.
Some 32MW of the portfolio has reached ready-to-build status, with the remainder of the assets at varying stages of development.
FRI-El, which is understood to have mandated financial adviser Equita to run the process, will take non-binding offers in early March.
The remainder of the sale will then run to a conclusion over the course of H1 2024.
The seller has been contacted for comment by Energy Rev.
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