- Sofaz to acquire 49% participation in a 402 MW solar power plant portfolio in solar power plants Italy Finally, which retains 51% and will be the long -term asset manager
- The wallet includes 14 solar power plants across Lazio and Emilia-Romagna Regions, with electrical production contracted by long -term apps
ROME,, July 18, 2025 / Prnewswire / – The Petroleum State Fund for the Republic of Azerbaijan (Sofaz) and finallyity Global, a main renewable energy company, communicate for having concluded an agreement under which Sofaz will buy an interest in stocks of 49% in a 402 MW portfolio of photovoltaic solar plants (PV) Italy. At the end of the agreement, finallyity will retain a majority participation and will continue to direct the management of assets, by taking advantage of its main position in the Italian sector of renewable energies.
The investment alignments with Sofaz’s strategic objectives by offering a stable and predictable flow of income, while contributing to global efforts in the transition to sustainable energy – in accordance with the mandate of the fund as long -term investor.
Thanks to this agreement, finallyity brings capital partners to support its Italian portfolio, making it possible to reinvest and accelerate the deployment of its energy storage pipeline of 2.6 GW and 5.3 GW, strengthening its position as the main producer of independent electricity in the country.
The investment includes 14 PV solar plants, both operational and underway, located in the Lazio And Emilia-Romagna regions of Italy. The energy generated by these installations is contracted thanks to long -term electricity purchase agreements (APP), guaranteeing predictable energy prices for customers and stable cash flows. The portfolio should produce approximately 685 GWh of clean electricity per year, which will lead to an estimated reduction of 184,950 tonnes of CO₂E emissions per year, or equivalent to the annual electricity consumption of more than 250,000 Italian households.
Carlos DomenechCEO of finallyity global: “We are honored and welcome Sofaz as a long-term partner and investor in our first vintage Italian contractual PV portfolio. This investment is a significant example of transition to sustainable energy with a win-win result for all countries, investors and customers involved.”
Israfil MammadovCEO of Sofaz: “Thanks to this strategic collaboration with finallyity Global, Sofaz supports the delivery of competitive and clean energy to meet Italy Increasing energy needs, while contributing to local economic development and access to household energy. As a supplier of advanced institutional capital, we remain determined to support strategic investment opportunities in Italy and through Europe. “”
The transaction was supported by a team of advisers in finallyity, notably Mediobanca as a financial advisor, Legance as a legal advisor and Fichtner as a technical advisor. Sofaz was advised by JLL as a mergers and acquisitions advisor, Europe Studio Legale Intedario Dentons as a legal advisor, EY as a financial and tax advisor, and DNV as a technical advisor.
Source finallyity global
