Italy's Tages Capital acquires 82-MW solar park in Sardinia

Apr 10, 2023 12:07 PM ET
  • Independent energy facilities investor as well as solar park operator Tages Capital SGR SpA has obtained an 82-MW solar (PV) park in Italy's Sardinia area.
Italy's Tages Capital acquires 82-MW solar park in Sardinia
Image: Richard Allaway

The acquisition was executed via the Milan-based company's Tages Helios II fund, it claimed recently. The value of the purchase was kept under wraps.

Located in the province of Cagliari, the solar farm is outfitted with single-axis trackers and also is among the largest ones running in Italy to date, according to Tages Capital. The new plant adds to a portfolio of 12 solar parks with an integrated capacity of 103 MW that the Italian company and its funds very own in Sardinia.

"The acquisition is especially vital since it concerns a huge plant, just recently built and also featuring the most up to date technology," claimed Umberto Quadrino, director framework company at Tages Capital.

Tages Capital's funds Tages Helios as well as Tages Helios II, which in 2021 raised EUR 730 million (USD 796.4 m) in financing from large Italian institutional capitalists as well as family members offices, presently have 300 renewable power assets totalling 702 MW.

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