Matrix Renewables to codevelop 300MW of solar PV in Italy

 With this partnership, the company has close to 1 GW of projects in the country 

February 10, 2022, MADRID, Spain – Matrix Renewables, the TPG Rise-backed renewable energy platform, today announced the signing of a new strategic partnership agreement with Energía Aljaval, a Spanish renewable energy company which benefits from an active international presence, with the intention of co-developing at least 300MW of solar projects in Italy. 

With this new partnership Matrix further builds its presence in Italy, reaching close to 1 GW of projects in different phases of development, across Italy. 

Iñigo Asensio, Head of M&A, Matrix Renewables, said: “With this new co-development agreement for the Italian Market, we continue our geographical growth and portfolio diversification. Through this partnership, and others like it, we are executing on our strategy to become a significant solar photovoltaic and energy storage player in Italy in the near term.” 

Matrix Renewables was founded in 2020 and is supported by leading global alternative asset firm TPG and its impact investing platform TPG Rise. Matrix currently has a significant solar and storage portfolio in operation, under construction, and at different phases of development across Europe, the US and Latin America. 

About Matrix Renewables 

Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its $13 billion impact investing platform TPG Rise. Matrix Renewables’ current portfolio is comprised of 2.1 GW of operational, under construction, or near ready-to-build solar PV projects and a further 2.7 GW pipeline of renewable energy projects under development, across Europe, US, and Latin America. For more information, visit or send an email to 

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¹ Note to editors: Statkraft launched a call in 2021 to buy renewable power from Independent Power Producers in Iberia. The company is likely to launch a similar process in the first half of 2022.