In Italy, the company has been expanding its portfolio of PV projects with several acquisitions in the past few months. This includes a 226MW portfolio of five projects in Sicily and Lazio last September and six solar PV projects with a combined 194MW of capacity earlier this year. Axel Thiemann, CEO of Sonnedix, said: “This financing reflects Sonnedix’s commitment to developing high quality renewable projects in our strategic markets. It follows our recent BESS portfolio acquisition in Italy, and underscores the pace at which we are scaling our storage capabilities across Europe.” As Thiemann highlighted, the IPP recently acquired two BESS projects in Tuscany, central Italy, from developer Sphera Energy.