Bluefield and Arcano Expand Italian Solar Portfolio with 7.2 MW Acquisition

• Bluefield Revive Italia, a joint venture between Bluefield Partners LLP and Arcano Capital SGIIC SAU, acquires 7.2 MW of new photovoltaic parks in Southern Italy, aiming to revitalize operational solar assets facing various challenges.

Bluefield Partners LLP and Arcano Capital SGIIC SAU have added 7.2 MW of new photovoltaic (PV) parks in Southern Italy to their Italian solar acquisition platform. The portfolio, acquired from Elements Green, consists of 10 plants known as Project Brindisi. The assets are located in the Puglia region and were energised between 2009 and 2010. They are backed by Italy's II Conto Energia subsidy scheme and have permits for future expansion to 10 MW. Bluefield Revive Italia, launched in 2021, aims to acquire and revitalize operational solar assets in Italy with technical, financial, subscale, or operational issues.

Bluefield Revive Italia, a joint venture between Bluefield Partners LLP and Arcano Capital SGIIC SAU, has acquired 7.2 MW of new photovoltaic (PV) parks in Southern Italy. The portfolio, known as Project Brindisi, consists of 10 plants located in the Puglia region. The assets were acquired from UK renewable energy developer Elements Green and were energised between 2009 and 2010. They are supported by Italy's II Conto Energia subsidy scheme and have permits for future expansion to 10 MW. Bluefield Revive Italia aims to acquire and revitalize operational solar assets in Italy that face technical, financial, subscale, or operational challenges.

What is the purpose of Bluefield Revive Italia's acquisition of 7.2 MW of PV parks in Southern Italy?

• The purpose of Bluefield Revive Italia's acquisition of 7.2 MW of PV parks in Southern Italy is to expand its portfolio of operational solar assets in Italy.
  
• The acquisition allows Bluefield Revive Italia to revitalize and improve the performance of the acquired PV parks, which may be facing technical, financial, subscale, or operational issues.
• By acquiring these assets, Bluefield Revive Italia aims to contribute to the growth of renewable energy in Italy and support the country's transition to a more sustainable energy system.
• The acquisition aligns with Bluefield Revive Italia's strategy to invest in and optimize existing solar assets, rather than developing new projects from scratch.
• The PV parks acquired from Elements Green are located in the Puglia region, which offers favorable conditions for solar energy generation due to its abundant sunlight.
• The assets are supported by Italy's II Conto Energia subsidy scheme, which provides financial incentives for renewable energy projects.
• The permits for future expansion to 10 MW provide additional growth potential for the acquired PV parks, allowing Bluefield Revive Italia to further increase their capacity and generation.
• Through the acquisition, Bluefield Revive Italia aims to contribute to the local economy by creating jobs and supporting the development of the renewable energy sector in Southern Italy.
• The acquisition also demonstrates Bluefield Revive Italia's commitment to sustainability and its belief in the long-term viability of solar energy as a clean and renewable power source.
• Overall, the acquisition of these PV parks strengthens Bluefield Revive Italia's position as a leading investor and operator in the Italian solar market.