ALTÉRRA backs Absolute Energy’s 1.4 GW solar pipeline in Italy

Absolute Energy received €50 million from ALTÉRRA and I Squared Capital to develop 1.4 GW of solar and storage projects across Italy by 2030.

By Prudhvi Rani 04 Jun 2025 in Business Bytes Project Bytes

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Absolute Energy’s 1.4 GW project pipeline was expected to cut 380,000 metric tons of CO₂e emissions annually across multiple Italian sites. Image Credit/Source: Markus Spiske/Pexels

UAE’s ALTÉRRA, climate investment vehicle, has announced a €50 million (~$56.90 million) commitment to Absolute Energy through its Acceleration Fund. The co-investment with I Squared Capital supported a 1.4 GW pipeline of solar and battery storage projects in Italy. Absolute Energy focused on small to mid-size renewable projects, using Italy’s supportive regulations. Italy aimed to add 46 GW of solar capacity by 2030. The 1.4 GW pipeline was expected to cut 380,000 metric tons of CO₂ emissions each year. Absolute Energy also had a larger 6 GW development pipeline. ALTÉRRA supported decarbonization through large-scale partnerships.

#Italy #ISquaredCapital #AbsoluteEnergy #Alterra

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