In July 2025, the State Oil Fund of Azerbaijan acquired a 49% stake in Enfinity Global's 402MW solar portfolio in Italy, marking its transition towards a diversified investment strategy beyond oil and gas.

Information on the Target

The State Oil Fund of Azerbaijan (SOFAZ) has recently acquired a 49% stake in Enfinity Global's 402MW solar portfolio located in Italy. This investment reflects a strategic shift for SOFAZ, indicating its transition from a traditional energy-backed stabilization fund to a more diversified institutional investor. The solar portfolio represents an important asset, harnessing the benefits of renewable energy while enhancing the overall investment landscape of SOFAZ.

Enfinity Global is known for its focus on sustainable energy solutions, and the Italian solar portfolio is a significant contributor to the country's renewable energy objectives. With a total capacity of 402MW, this portfolio positions SOFAZ to engage meaningfully in the growing demand for renewable energy in Europe.

Industry Overview in Italy

Italy has become a leader in the renewable energy sector, bolstered by its commitment to achieving ambitious environmental targets. The country has seen substantial growth in solar energy installations over t