Mirova and Qualitas Energy Unite to Power Italy’s Energy Transition through a 250MW renewables platform
April 03, 2025
Key Takeaways:
- Mirova and Qualitas Energy have signed an agreement to establish of Italian Renewable Platform s.r.l.1, a joint-venture dedicated to owning, developing, building, and operating up to 250 MW of renewable energy projects in Italy.
- Mirova, an affiliate of Natixis Investment Managers dedicated to sustainable investment, will invest in equity aiming to support resilient infrastructure essential to decarbonizing energy production and consumption in OECD countries.
- Qualitas Energy, a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure, has developed the entire portfolio through its fund Qualitas Energy IV
Contributing to energy sovereignty and transition in Europe
The energy transition is a fundamental issue for ensuring Europe’s economic sovereignty. Investing in Europe’s energy transition is essential for long-term sovereignty and prosperity. According to the 2024 Energy Sovereignty Index, a key strategy for achieving energy independence is by enhancing the cleanliness of the EU's energy sources. The index highlights significant disparities within the EU regarding the level of energy sovereignty, meaning that some countries face greater challenges in this area.
Italy aims for carbon neutrality by 2050 and is on track to reach its 2030 targets for emissions reductions and energy efficiency, and is committed to reducing this dependence by 2025 while diversifying its gas supply routes and sources2 The renewable energy platform to be set up by Mirova and Qualitas Energy represents a significant contribution the country’s efforts to achieve more sovereignty.
A platform dedicated to up to 250 MW renewable projects in Italy
The joint venture will be majority owned by Mirova, with a strong involvment of Qualitas Energy which will provide its development, construction supervision and monitoring to the platform. The portfolio consists of 33 solar photovoltaic (PV) projects located across eight regions in Italy: Piemonte, Friuli, Marche, Lazio, Campania, Basilicata, Sardegna, and Sicilia3. These projects vary in maturity, including 53 MWp of operational projects, 41 MWp of ready-to-build projects, and 54 MWp of projects in the late development phase, with the ready-to-build projects expected to be completed by December 2025. Additionally, the portfolio may be expanded to include wind projects with an anticipated capacity of around 100 MW.
Raphaël Lance, Global Head of Private Assets, Head of Energy Transition funds, Mirova: “We are excited to partner with Qualitas Energy, a trusted collaborator with whom we have successfully invested in projects in Spain. This first direct investment of Mirova in Italy represents a significant step to support the transition of the country's energy mix. The Italian renewable market showcases strong fundamentals, characterized by stable regulations, a robust national support mechanism, and a dynamic power purchase agreement (PPA) market.”
Manuel Espinosa Balaca, Partner – Investment at Qualitas Energy: “By partnering with an ally who shares our vision for a sustainable future, we ensure these assets continue to create value. We remain fully dedicated to the platform, providing our capabilities in development, construction supervision, and portfolio monitoring. Our long-term commitment to Italy and its energy transition is steadfast: we will continue to play an active role in advancing the country’s clean energy landscape, and we are actively expanding our project pipeline by pursuing new opportunities.“