Azerbaijan’s State Fund Secures Minority Stake in Significant Italian Solar Portfolio
Milan, Italy & Baku, Azerbaijan – July 18, 2025 – In a notable development for the renewable energy sector, the State Oil Fund of Azerbaijan (SOFAZ) has announced the acquisition of a minority stake in a substantial portfolio of solar photovoltaic (PV) assets located in Italy. The deal involves SOFAZ acquiring an interest from Enfinity Global, a prominent player in the renewable energy development and investment landscape. The portfolio comprises a total of 402 MW of operational solar capacity.
This strategic investment underscores Azerbaijan’s growing commitment to diversifying its economic interests and expanding its presence in sustainable energy markets. For SOFAZ, which traditionally focuses on managing the nation’s oil and gas revenues, this move represents a significant step towards building a robust and diversified international investment portfolio with a clear focus on the green transition.
Enfinity Global, the seller in this transaction, has a well-established track record in developing, constructing, and managing renewable energy projects globally. The sale of this minority stake will allow Enfinity Global to further accelerate its growth and development pipeline, while simultaneously welcoming a new, strategic partner in SOFAZ.
The 402 MW solar portfolio is understood to consist of well-established operational assets strategically located across Italy, a country with a mature and supportive framework for solar energy. This operational nature of the assets provides SOFAZ with an immediate exposure to stable, long-term cash flows generated from clean energy production.
While specific financial terms of the agreement have not been disclosed, the transaction highlights the increasing attractiveness of well-performing renewable energy assets in Europe to institutional investors. It also signals a positive trend of international capital flowing into Italy’s renewable energy sector, supporting the nation’s ambitious decarbonization goals.
This partnership is expected to foster further collaboration and investment opportunities between SOFAZ and Enfinity Global, potentially leading to future joint ventures and the development of new renewable energy projects. The move is also seen as a testament to the quality and operational efficiency of the assets managed by Enfinity Global.
The acquisition by SOFAZ of a minority stake in these Italian solar facilities marks a significant milestone, demonstrating the fund’s strategic vision in aligning its investments with global sustainability trends and contributing to the expansion of clean energy infrastructure.
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PR Newswire Energy published ‘Aserbaidschans Staatsfonds erwirbt Minderheitsbeteiligung an 402 MW Solaranlagen in Italien von Enfinity Global’ at 2025-07-18 11:58. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.