{"id":104329,"date":"2025-06-04T00:00:00","date_gmt":"2025-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/"},"modified":"2025-06-04T00:00:00","modified_gmt":"2025-06-04T00:00:00","slug":"alterra-backs-italys-absolute-energy-with-eur-50-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/","title":{"rendered":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn"},"content":{"rendered":"

UAE-backed climate fund Alterra committed EUR 50 mn to Italian<\/strong> renewables platform Absolute Energy<\/strong> via the Alterra Acceleration Fund, according to a press release<\/a>. Absolute Energy specializes in small to medium-scale solar projects in Italy, which has a national target of upping its solar capacity to 46 GW by 2030.<\/p>\n

The details: <\/strong>The co-investment \u2014 made alongside US-based infrastructure firm I Squared Capital \u2014 will support the development of an initial 1.4 GW worth of solar and battery storage capacity across Italy, as well as Absolute Energy\u2019s broader development pipeline of over 6 GW. The move is predicted to avoid 380k metric tons of CO2 emissions annually in its initial phase.<\/p>\n

This marks the third co-investment for Alterra<\/strong>, which deployed USD 100 mn into Indian renewables firm Evren in April<\/a> \u2014 Alterra\u2019s first Global South Investment \u2014 alongside Brookfield and other co-investors. The fund, unveiled during COP28<\/a> and set to mobilize USD 250 bn in green investments by 2030, also deployed USD 100 mn to back French renewables developer Neoen, Alterra CEO Majid Al Suwaidi told Reuters<\/a>.<\/p>\n

REFRESHER-<\/strong> The acceleration fund was struggling to deploy capital, amid what CEO Majid Al Suwaidi described last year<\/a> as a lack of viable projects in the energy transition space. Alterra committed USD 6.5 bn to seven investment strategies managed by BlackRock, Brookfield Asset Management, and TPG, though the actual funds deployed are significantly less.<\/p>\n","protected":false},"excerpt":{"rendered":"

The co-investment will support the development of 1.4 GW in solar and battery storage capacity across Italy<\/p>\n","protected":false},"author":1,"featured_media":104330,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2207],"tags":[522,356,7,991,211,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-alterra","tag-climate-finance","tag-enterpriseam-uae","tag-italy","tag-renewables","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"7e1ce2c4-8999-4324-81db-279530b737f1","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/1602.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn","related_issue":[104315],"teaser":"The co-investment will support the development of 1.4 GW in solar and battery storage capacity across Italy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.4d6e5043-2839-4263-8ffe-98ab98c2efcb.mp3"},"yoast_head":"\nAlterra backs Italy\u2019s Absolute Energy with EUR 50 mn - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn\" \/>\n<meta property=\"og:description\" content=\"The co-investment will support the development of 1.4 GW in solar and battery storage capacity across Italy\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn\",\"datePublished\":\"2025-06-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\"},\"wordCount\":228,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Alterra\",\"climate finance\",\"EnterpriseAM UAE\",\"Italy\",\"renewables\",\"solar energy\"],\"articleSection\":[\"CLIMATE FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\",\"name\":\"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-06-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/","og_locale":"en_US","og_type":"article","og_title":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn","og_description":"The co-investment will support the development of 1.4 GW in solar and battery storage capacity across Italy","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/","og_site_name":"UAE","article_published_time":"2025-06-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn","datePublished":"2025-06-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/"},"wordCount":228,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","keywords":["Alterra","climate finance","EnterpriseAM UAE","Italy","renewables","solar energy"],"articleSection":["CLIMATE FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/","name":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","datePublished":"2025-06-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/06\/04\/alterra-backs-italys-absolute-energy-with-eur-50-mn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Alterra backs Italy\u2019s Absolute Energy with EUR 50 mn"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/1602.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/104329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=104329"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/104329\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/104315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/104330"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=104329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=104329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=104329"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=104329"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=104329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}