flyRen-backed buyer acquires 656 MW Italian renewables pipeline from IGNIS
IGNIS has completed the sale of a 656 MW renewable energy portfolio in Italy to flyRen Energy Group, which is backed by Foresight Energy Infrastructure Partners II. The portfolio consists of 28 solar photovoltaic, battery-hybrid and wind projects at various stages of development. The sale forms part of IGNIS’s asset rotation strategy, with ValeCap as financial adviser and Green Horse Legal Advisory and DWF as legal advisers.
The transaction hands flyRen Energy Group SpA, supported by Foresight Energy Infrastructure Partners II, a 28-project Italian platform spanning solar PV, battery-hybrid and wind schemes at differing development stages. IGNIS described the disposal as part of its portfolio-recycling approach; ValeCap advised financially, while Green Horse Legal Advisory and DWF handled legal work.
Other recent IGNIS activity includes a July 2026 Spanish battery flexibility agreement with ENGIE covering 625 MWh over ten years, with IGNIS keeping asset revenues and managing operations and balancing participation. In January 2026, IGNIS gained authorization to test its 46.13 MWp Carbeso solar plant in Catalonia after construction.
The sale may affect Italian electricity users and grid operators if the pipeline advances, potentially adding renewable output and storage flexibility over time. Host communities could see construction and maintenance activity, along with land-use and permitting questions. Benefits may depend on project delivery, grid connections and local engagement; delays could limit near-term effects. Workers and suppliers in solar, wind and batteries may also be affected as projects move through development.