€50M co-investment from ALTÉRRA and I Squared Capital to deliver 1.4GW of solar and storage projects across Italy.
~380,000 metric tons of CO₂e emissions expected to be avoided annually through the project.
Supports Italy’s 2030 goal to add 46GW of solar capacity and boost energy independence.
ALTÉRRA, the UAE’s $30 billion climate investment vehicle, has pledged €50 million via its Acceleration Fund to support Absolute Energy, a next-gen renewable energy platform focused on Italy. The co-investment, made in partnership with I Squared Capital, will fund an initial 1.4GW pipeline of solar and battery storage projects.
The investment aligns with Italy’s 2030 target of adding 46GW in solar capacity, a key strategy to reduce energy imports and accelerate decarbonization. Absolute Energy’s approach centers on scalable, commercially viable small-to-medium solar projects, backed by Italy’s favorable regulatory landscape—including streamlined permitting and guaranteed grid access.
“We are excited to support Absolute Energy as it enters its next phase of growth,” said H.E. Majid Al Suwaidi, CEO of ALTÉRRA. “With a strong pipeline and deep sector expertise, the company will help drive Italy’s clean energy future. ALTÉRRA invests to accelerate the climate transition through innovative approaches and partnerships.”
The 1.4GW rollout is projected to eliminate approximately 380,000 metric tons of CO₂e emissions annually, with a broader 6GW development pipeline under consideration.
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Al Suwaidi emphasized ALTÉRRA’s strategic intent:
“In working with a global leader like I Squared Capital, with their strong track record in platform building and investing in renewables, this investment further demonstrates how ALTÉRRA works with partners to invest at scale to accelerate impact across key markets.”
With robust institutional backing, a favorable policy climate, and high solar potential, Italy remains a prime arena for large-scale renewable infrastructure—one that ALTÉRRA and its partners are now poised to reshape.
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