Verdian acquired a 117 MWp agrivoltaic solar PV portfolio in Sicily from Genertec International Holding in May 2026. The portfolio includes three ready-to-build projects of 58 MWp, 33 MWp, and 26 MWp in Ramacca and Paternò. The transaction is supported by Nuveen Infrastructure through its Clean Energy Strategy.

The deal shows how Italy solar M&A is moving toward RtB assets with contracted revenue visibility. All three projects secured FER X auction awards, giving them Contract-for-Difference support from GSE. That reduces merchant exposure before construction starts.

Construction is expected to begin toward the end of 2026, with COD targeted between mid and late 2027. Once operational, the portfolio should generate around 224 GWh annually, equal to about 1.3% of Sicily’s electricity demand.

The buyer is an infrastructure-backed renewables platform, not a balance-sheet utility. Verdian is using Nuveen’s capital to scale in core European markets while locking in long-term contracted revenue. This mirrors the broader European shift toward grid-connected and subsidy-backed assets, where Enerdatics has tracked stronger buyer demand for RtB solar and BESS projects.

Commercially, the value sits in execution certainty. FER X support, advanced permitting, bifacial modules, and single-axis trackers make the portfolio easier to finance than early-stage Italian solar pipelines.

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