Solarig, Alantra set up €1.7 billion investment vehicle for solar projects in Italy and Spain

Facebook
Twitter
LinkedIn
Reddit
Email
N-Sun Energy, the investment vehicle, will invest €1.7 billion in acquiring the projects as soon as they reach ready-to-build status. Image: Eni.

Solar developer Solarig and asset manager Alantra have partnered to launch a 1.9GW solar PV investment vehicle focused on Southern Europe.

They have created an investment vehicle, N-Sun Energy, as a platform which will gradually acquire a project portfolio with a value of €1.7 billion (US$1.83 billion), of which €700 million will be covered by equity and the remaining €1 billion by debt.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

With a portfolio of more than 50 plants between Italy (two-thirds) and Spain (the remaining one-third), the projects are expected to reach ready-to-build (RTB) status in the next 18 months and be fully operational by the end of 2025.

Solarig will overview the development of the projects and once those reach commercial operation it will bring its knowledge in operations and management to the solar plants.

The developer manages 10GW of solar PV assets globally, with a portfolio of 8GW under development across 15 countries.

N-Sun Energy has already acquired the first eight projects, with a total capacity of 330MW, with the other projects being gradually acquired as they reach RTB status.

Alantra will raise the money for the investment platform which will be supported by Swiss infrastructure asset manager Reichmuth and French asset manager Amundi Energy Transition as integral strategic co-investors and with up to €265 million committed.

“The launch of this investment vehicle offers a strong risk-return balance for investors aiming to deploy capital in the solar energy sector, driven by the track record of the partners, the visibility and protection of the portfolio, and the operational development of the plants,” said managing partner at Alantra Solar, Javier Mellado.

Both Spain and Italy are among the major solar PV markets in Europe, with the former adding 7.5GW of solar capacity in 2022, only behind Germany’s 7.9GW, while Italy installed 2.6GW of solar in 2022, almost trebling the 0.9GW added capacity from 2021.

The two Southern European countries are set to remain in the top five of solar European markets in the coming years with Spain expected to add 51.2GW of new capacity between 2023-2026, while Italy is expected to add 20.9GW of new solar capacity during that same timeframe, according to SolarPower Europe.

2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
October 1, 2025
Italy has released the results of its latest solar auction, which includes 273 expressions of interest for a combined capacity of 3,161MW.
September 24, 2025
Spanish IPP Sonnedix has acquired five solar projects in Sicily and Lazio, Italy, with a combined capacity of 226MW.
September 19, 2025
EdgeMode has acquired a portfolio of data centre assets in Spain, with plans to build a 300MW solar, 1.2GWh storage facility at the sites.
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland