Vexuvo Secures €7.4M to Boost Agrivoltaic and Storage Growth

Vexuvo’s funding operations with the Sella Group now reach a total of 7.4 million euros, allocated to support growth and innovation in the renewable energy sector, with a particular focus on agrivoltaic and storage projects.

Supporting growth and innovation in the renewable energy sector and accelerating the energy transition to contribute to Italy’s energy independence is the objective of Vexuvo, a national operator active in the development, design, construction, and management of agrivoltaic and storage systems, which has issued a new 5 million euro convertible bond to support the technological development of agrivoltaics, a key sector for the decarbonization and autonomy of the Italian energy system.

The two-year bond issue was fully subscribed by Banca Patrimoni Sella & C., the Sella Group bank specializing in the management and administration of private and institutional client assets.

Vexuvo strengthens its renewable energy strategy with new financing to accelerate agrivoltaic and storage development in Italy

The transaction is part of a collaboration process initiated in 2024 with the Sella Group, which has seen the completion of several funding transactions: an initial 1 million euro convertible bond issue underwritten by Banca Patrimoni Sella & C., originally maturing in October 2026, now extended to align it with that of the new bond issued, and a 1.4 million euro ordinary financing by Banca Sella.

With this new issue, the overall value of Banca Patrimoni Sella & C.’s investments in Vexuvo reaches 6 million euros, while the total amount of funding transactions carried out with the Sella Group stands at 7.4 million euros.

We are very pleased to welcome this new investment from Banca Patrimoni Sella & C., which represents a further step in our growth path and strengthens our ability to make a concrete contribution to the development of renewable energy in the country, said Andrea Cristini, CEO of Vexuvo and Founder of Greenergy. The energy transition requires vision, skills, and resources: operations like this allow us to accelerate the development of our projects and consolidate Vexuvo’s role as a leading operator in the sector.

The transaction confirms that a widespread presence across the country and support for Italian companies that promote innovation and sustainable development are core values for both partners. It is part of a rapidly advancing agrivoltaic and energy storage project, led by Vexuvo, and also experiencing strong growth for the entire Group, which also includes Greenergy.

To date, in three years of operation, Vexuvo has built a pipeline of approximately 3 GW, consisting of over 800 MW of agrivoltaic projects and 2.2 GW of Battery Energy Storage System projects.

2025 saw consolidation of the industrial plan with a major agreement with an international operator for 1.5 GW storage projects, including 364 MW authorized, full authorization of 100 MW agrivoltaic projects, environmental authorizations for 190 MW and 90 MW with favorable MASE opinion.

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(Featured image by Zbynek Burival via Unsplash)

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First published in ESG NEWS. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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