Azerbaijan’s Sovereign Wealth Fund Invests in Italian Solar Power,PR Newswire Energy


Azerbaijan’s Sovereign Wealth Fund Invests in Italian Solar Power

In a significant move for renewable energy investment in Europe, the Republic of Azerbaijan’s State Oil Fund (SOFAZ) is set to acquire a minority stake in 402 megawatts (MW) of solar energy assets located in Italy. The transaction, announced on July 18, 2025, by PR Newswire Energy, involves a partnership with Enfinity Global, a prominent player in the renewable energy sector.

This strategic investment underscores Azerbaijan’s growing commitment to diversifying its investment portfolio beyond traditional energy sources and embracing the global transition towards sustainable power. The acquisition of a stake in Italian solar assets represents a key step in SOFAZ’s efforts to expand its international presence in the clean energy market.

The 402 MW of solar capacity will contribute to Italy’s ongoing efforts to decarbonize its energy sector and meet its renewable energy targets. Solar power, as a clean and increasingly cost-effective energy source, plays a crucial role in reducing greenhouse gas emissions and enhancing energy security.

Enfinity Global, the seller in this transaction, is recognized for its expertise in developing, constructing, and operating renewable energy projects worldwide. This partnership with SOFAZ is expected to leverage Enfinity Global’s extensive experience in the Italian market and its proven track record in delivering high-quality solar installations.

While specific financial details of the minority stake were not disclosed in the announcement, the scale of the solar assets involved signifies a substantial investment. This collaboration is anticipated to foster further growth in the renewable energy sector in Italy and demonstrate the attractiveness of the Italian market for international institutional investors.

The investment by Azerbaijan’s Sovereign Wealth Fund in Italian solar assets is a positive development, highlighting the potential for cross-border collaboration in achieving global climate goals. It also reflects the increasing confidence in the long-term viability and profitability of renewable energy projects in Europe. As the world continues to prioritize sustainable development, such partnerships are vital in accelerating the deployment of clean energy technologies and building a more resilient energy future.


Azerbaijan’s Sovereign Wealth Fund to Acquire Minority Stake in 402 MW of Solar Assets in Italy from Enfinity Global


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PR Newswire Energy published ‘Azerbaij an’s Sovereign Wealth Fund to Acquire Minority Stake in 402 MW of Solar Assets in Italy from Enfinity Global’ at 2025-07-18 11:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.

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