Italy: Mitsubishi, INCJ and Solar Ventures to acquire up to 150 MW of PV projects


The three companies have today announced their 100% acquisition of Solar Holding, of which MC owns 50%, INCJ 30% and Solar Ventures 15%. Overall, Solar Holding, managed by Solar Ventures, has a photovoltaic portfolio worth 42 MWp across 19 plants in Piedmont, Sardinia and Apulia.

The transaction, the financial details of which were not disclosed, represents the first solar investment in Italy for MC and INCJ. All three intend to expand this portfolio by a further 100 to 150 MWp. Their aim is to become "one of the largest players in the country."

While Solar Ventures and MC will manage the origination and the transaction activities, Solar Ventures will provide plant management services.

"Italy is the country where we want to make our footprint in the solar market," stated Nobuaki Kojima, executive VP of Mitsubishi. "Mitsubishi is very active in renewable investments in the world, and we believe that Southern European countries such as France and Italy are good markets for solar business."

Kimikazu Noumi, president and CEO of INCJ added, "INCJ is looking at growth potential of solar IPP business as one of major power sources in global renewable energy market. For us, the investment in Solar Holding is a strategic investment with the aim to promote innovation and enhancing the value of businesses in solar IPP of the renewable energy sector."

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.