Foresight buys majority of 2.2-GW Italian platform, scales solar pipeline

• Foresight’s FEIP II fund acquires control of flyRen, a 2.2-GW Italian platform spanning solar, wind and storage development.

Foresight Group has taken a majority stake in flyRen, a Turin-based renewables developer with roughly 2.2 GW of solar-, wind- and storage-stage assets. The deal—through the FEIP II infrastructure vehicle—adds local origination heft in a market rich with corporate demand and fresh auction formats. While terms weren’t disclosed, Foresight framed the move as a scale-and-synergies play: fold in capital discipline, EPC standards, and portfolio-level offtake to move more projects to notice-to-proceed. 

For Italy’s crowded development scene, consolidation is a feature, not a bug. Platforms with grid expertise, land control, and credible schedules can command premiums, especially as FER-X nudges supply away from single-source imports. Expect flyRen’s solar sites to be made “battery-ready,” reserving pad space and transformer headroom for two-to-four-hour systems that lift capture rates and provide ancillary services.

The ripple effects extend beyond Italy: global funds continue to rotate into late-stage European platforms where permitting and interconnection are the real moats. If Foresight can accelerate energizations, this will look less like a financial trade and more like a megawatt factory.