(Alliance News) - F2i CEO Renato Ravanelli has announced the merger between Sorgenia and EF Solare: "This is an operation that has been in the works for some time, designed to foster the development of an Italian player in the energy transition sector, equipped with all renewable technologies and gas plants."
Thanks to the union with Italy's leading photovoltaic operator, Sorgenia is becoming a major European player. As Ravanelli stated in an interview with Corriere della Sera, "Sorgenia is becoming a large group serving the European energy market and more than one million customers."
The deal sees Sixth Street increasing its stake to 38% with an estimated investment of EUR800 million, while F2i retains 62% with a commitment of EUR300 million.
"This is the result of an investment strategy started in 2014. We are creating a key operator in the energy transition."
Investment plans of EUR5 billion are expected in Italy and Spain, including in storage systems.
Ravanelli also commented on possible future scenarios: "I wish Edison continued independent growth."
On returns for investors, Ravanelli said: "This year, we are returning over EUR2.6 billion to our fund subscribers, multiplying the invested capital by 2.5 times."
Two new funds totaling EUR2.2 billion have been announced--debt and venture capital--for infrastructure in Italy and Europe: "Our value creation model is based on medium-term industrial strategies."
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
Comments and questions: redazione@alliancenews.com
Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.
