Matrix acquired 91MW solar portfolio in Italy from Solaer

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Matrix Renewables, the TPG-backed renewable energy platform, has entered into an agreement with Solaer, to acquire an initial 91 MW solar portfolio across Italy. The portfolio consists of 15 different assets with construction of the first phase of these projects expected to begin in 2022.

Earlier this year Matrix Renewables announced its entry into the Italian market with projects based in Sicily and Lazio, whilst expressing a wish to operate at least 500MW in the solar, storage, and wind sectors throughout the country. This new agreement contributes significantly to reaching that target.

Iñigo Asensio, Head of M&A and Investments at Matrix Renewables, said: “Through this agreement with Solaer, Matrix continues to accelerate its growth towards becoming a leading renewable energy platform in Italy and around the world. We continue to explore additional opportunities in Europe, the US and Latin America in our international expansion.”

Ignacio Arganza, Solaer co-founder, said: “This agreement demonstrates the excellent collaboration between our teams and is a great example of our collective potential for partnership as Matrix Renewables continues to execute its growth strategy. We are excited to be working together to deliver more renewable energy capacity across Italy.”

In addition to a significant portfolio already in operation, under construction and in development in Europe and Latin America, Matrix Renewables also announced its introduction into the US market earlier this year with the hiring of Cindy Tindell as Managing Director, where it hopes to materially increase its presence, promoting renewable and clean energy over the coming months.


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