Ardian has expanded its clean energy footprint with the acquisition of 117 operational solar plants across Italy, a move executed through its Clean Energy Evergreen Fund (ACEEF).

The deal strengthens Ardian’s position in Italy’s clean energy market, where ACEEF now oversees roughly 400MW of wind, solar, hydro, and biogas assets, with another 400MW in development. The portfolio spans several Italian regions and continues to benefit from long-term Conto Energia feed-in tariffs. Most assets have been recently revamped with Tier 1 technology to enhance reliability and capacity.

E2E’s Founder and General Manager, Gianluca Lancellotti, described the transaction as the successful outcome of a three-year effort. “In the last 12 months, we worked closely with Ardian to further enhance the operational efficiency of the portfolio, achieving an average annual revenue exceeding €630,000 per MW for the incentivised plants,” he said.

Federico Gotti Tedeschi, Managing Director Infrastructure at Ardian, said: “This acquisition is consistent with ACEEF strategy to consolidate renewable asset in the Italian market. The E2E asset will complement our existing wind and hydro portfolio adding further geographic and technological diversification.”

The assets will be managed by InEnergy, Ardian’s Italian renewables platform, whose 50+ professionals will oversee performance improvements through digital tools like OPTA. Ardian expects to drive long-term value through repowering, hybridisation, and further greenfield development, leveraging ACEEF’s open-ended structure.

The acquisition marks another step in ACEEF’s broader European strategy to invest in contracted renewable infrastructure, having raised €1bn in 2023 to back long-term energy transition projects

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