Pacifico sells portfolio of Italian PV projects to MYTILINEOS Energy & Metals
09 / 03 / 23
Pacifico Energy Partners GmbH (“Pacifico”) has successfully sold a portfolio of PV projects in Italy to MYTILINEOS Energy&Metals. The portfolio consists of three ground-mounted utility scale projects with a total capacity of ~45 MWp that have received full permits under the Italian PAUR regime.
Pacifico has owned and developed the projects from greenfield stage since 2019 and will continue to support the projects on their way to commercial operation date as a service provider. Moreover, Pacifico will provide asset management services during operations.
Fabian Herberg, Co-CEO and Founder of Pacifico, says “When we started these projects in 2019 Pacifico was among the first to believe subsidy-free PV was possible in Italy. Now we are delighted to contribute to Italy’s decarbonization and increased energy independence. MYTILINEOS is the right player to now transform the projects into state-of-the-art plants.”
Fabio Spucches, Global Head of Project Development of MYTILINEOS’ M Renewables, stated: “We are delighted to announce the acquisition of this portfolio and to cooperate with such an experienced and sophisticated developer as Pacifico. This pipeline of projects in Southern Italy enriches our Italian portfolio, as it benefits from the great irradiation in the country.”
Dentons Italy (Mileto Giuliani and Carsten Steinhauer) has acted as legal advisor to Pacifico.
Pacifico Energy Partners GmbH is a renewable energy company for wind and solar energy as well as battery and hydrogen technologies that develops greenfield projects, repowers existing plants, and provides asset management services. Pacifico currently owns a pipeline of projects under development of ~2 GW, of which >800 MW are located in Italy.
MYTILINEOS Energy & Metals, founded in Greece in 1990, is an industrial and energy multinational company, listed on the Athens Stock Exchange, with a consolidated turnover of €6.3 billion and EBITDA of €823 million and employs more than 5.442 direct and indirect employees in Greece and abroad. Through the Energy Sector, the company is strategically positioned at the forefront of the energy transition as an integrated “green” utility, while through the Metallurgy Sector the Company is establishing as a benchmark for competitive “green” metallurgy in the European landscape. Focused on sustainability, it has set a target to reduce CO2 emissions by at least 30% by 2030 and achieve by 2050 net zero carbon footprint in all its operations in accordance with ESG criteria for Environment, Society and Governance.
“When we started these projects in 2019 Pacifico was among the first to believe subsidy-free PV was possible in Italy. Now we are delighted to contribute to Italy’s decarbonization and increased energy independence. MYTILINEOS is the right player to now transform the projects into state-of-the-art plants.”
Fabian Herberg, Co-CEO of Pacifico Energy Partners.