A leading Italian solar energy business
RTR was acquired by Terra Firma in March 2011 from Terna, an Italian national high-voltage electricity grid operator with a 144 MW capacity portfolio. RTR was a solar photovoltaic (PV) energy generator with a large portfolio of production sites throughout mainland Italy, Sicily and Sardinia.
Under Terra Firma’s ownership, RTR completed eight further acquisitions, and more than doubled in size to 334 MW of operating capacity across 134 sites in Italy, growing the business into one of the leading PV operators in Italy and among the largest in Europe.
In a young and fragmented industry, RTR offered the opportunity to build a market-leading business through consolidation and professional management. RTR also benefitted from technological progress and long-term government incentives for renewable energy sources.
Using experience gained through its other renewable energy investments — Infinis and EverPower — Terra Firma and the RTR team grew the asset base significantly, pioneered the use of very granular operating monitoring systems, and created a business and a platform with exceptional operating performance.
After a record power generation performance in 2017, Terra Firma put RTR up for sale in early 2018. Following an auction process, RTR was successfully sold to a fund managed by F2i in October 2018.