Kelag International, part of Austrian energy provider Kelag Group, which develops, operates, and manages renewable energy projects, has acquired eight photovoltaic projects in Italy with a total planned capacity of approximately 64.4 MW and expected annual electricity generation of around 107 GWh.

The projects are primarily located in the Lombardy and Emilia-Romagna regions. Seven have reached the ready-to-build stage, while the remaining project is at an advanced stage of development.

Following the acquisition agreement, Kelag International will assume responsibility for the projects’ further development, construction, and operation. The company expects the projects to be built over the coming years.

“Solar energy is an important pillar of our growth strategy, and Italy is a market with strong potential for further renewable development,” said Ingo Preiss, Managing Director of Kelag International. “With this acquisition, we are adding well-advanced PV projects to our pipeline and further strengthening our position in a market where we already have strong local expertise and an established presence.”

The acquisition expands Kelag International’s photovoltaic project pipeline in Italy, which the company has identified as one of its key growth markets.

From 2026, Kelag International is consolidating its international renewable energy activities under the Kelag International brand. The move includes companies and teams, including Interenergo, that were already part of the same international organization but previously operated under different names.

According to the company, the unified structure is intended to coordinate its activities across European markets and support renewable energy project development with local stakeholders.

Kelag International develops, operates, and manages renewable energy projects based on solar, wind, and hydropower across 14 European markets. Its activities also include wholesale electricity supply and the structuring and management of long-term power purchase agreements for industrial customers and energy markets.

According to Mercom’s 1H and Q2 2026 Solar Funding and M&A report, approximately 25.2 GW of solar projects were acquired in the first half of 2026, compared to 19.9 GW in the first half of 2025.

In September 2026, Enel, a multinational power company, completed the acquisition of a 625 MW solar portfolio in the United States from Excelsior Energy Capital for approximately $760 million through its wholly owned subsidiaries Enel Green Power North America and EGPNA Project Holdco 2.