Wedoany.com Report-Sept. 8, X-Elio has finalized an agreement to sell its 50MW Castelvetrano solar plant in Sicily to Italian renewable energy company PLT Energia. The project is expected to produce about 92GWh of clean electricity each year, contributing to Italy’s renewable energy supply.

The transaction strengthens both companies’ positions in the Italian renewables sector. X-Elio’s deputy chief executive Nicholas Pentreath said: “We are proud to close this agreement with PLT Energia, which culminates the effort and the relationship between two leading renewable companies. We will continue delivering renewable energy projects that support Italy’s transition towards a cleaner and stable energy system.”

Gianfranco Memoli, X-Elio’s country manager in Italy, highlighted the significance of the deal: “This milestone recognises X-Elio’s long-term commitment to the development of top-tier renewable projects in this country.”

PLT Energia’s chief executive Stefano Marulli said: “This transaction represents a further step in PLT Energia’s growth strategy, aimed at consolidating an integrated platform in the renewable energy market on a national scale.”

X-Elio has been active in Italy’s solar sector for years. The company already operates 146MW of solar capacity and is building additional projects with a combined 116MW, expected to become operational within the next 12 months. Beyond these, X-Elio manages a development pipeline of 1.1GW in solar projects and 1.8GW in battery energy storage systems, progressing through various stages of planning and approval.

PLT Energia, meanwhile, is pursuing rapid expansion. By the end of 2025, it expects to reach an installed capacity of 365MW, supported by a further 110MW now in advanced construction. The company also manages a development pipeline of around 3.4GW, with approximately 600MW already authorised.

The Castelvetrano sale marks a notable step for both companies as they enhance their contributions to Italy’s renewable energy transition. For X-Elio, the agreement reflects its continued strategy of developing, delivering, and transferring large-scale clean energy assets while maintaining a strong project pipeline. For PLT Energia, the acquisition supports its goal of building a robust and integrated renewable platform across the country.

With demand for clean energy rising in Italy and across Europe, collaborations such as this highlight the importance of joint efforts among renewable developers. The Castelvetrano project, once integrated into PLT Energia’s portfolio, will play a role in meeting Italy’s targets for expanding renewable generation capacity while supporting energy system stability.