ALTERRA invests €50 million in Absolute Energy to accelerate the energy transition in Italy

We are proud to welcome ALTÉRRA—the Emirati climate investment vehicle with an initial $30 billion commitment from the UAE and a goal of mobilizing an additional $250 billion in investments by 2030—among our investors.

The fund has allocated €50 million to Absolute Energy via its Acceleration Fund, through an investment made alongside the global infrastructure investment manager I Squared Capital. This aims to accelerate the development of an initial pipeline of advanced projects exceeding 1.4 GW across Italy, which will help reduce CO₂ emissions by more than 380,000 tons per year.

Thanks to this investment, Absolute Energy strengthens its journey toward becoming a leader in the renewable energy sector in Italy, playing a key role in achieving the country’s ambitious sustainability targets of 46 GW of new solar capacity by 2030.

H.E. Majid Al Suwaidi, CEO of ALTÉRRA, stated:

“We are thrilled to support Absolute Energy during its new phase of growth. Working with partners like I Squared Capital allows us to accelerate impact and innovation in the renewable energy sector.”

Sadek Wahba, Chairman and Managing Partner of I Squared Capital, commented:

“We are proud to welcome ALTÉRRA as a strategic partner in Absolute Energy. Their investment underscores the platform’s strength in contributing to the acceleration of the energy transition in Italy.”