• The plants, with a total capacity of 61.1 MW, will be built in Piedmont, Tuscany, Lazio and Puglia.
• The financial structure adopted, a construction bridge financing on a grid-parity basis, is a first for the photovoltaic sector in Italy.

PLT energia, one of the largest independent Italian groups active in the renewable energy sector from wind and solar sources has signed with UniCredit - as Sole Mandate Lead Arranger, Bookrunner and Lender - a multi-line financing agreement on a project financing basis for a total of 54.2 million euro.

The financing is functional for the construction of 11 greenfield grid parity photovoltaic plants, some of which are already under construction, located in Piedmont, Tuscany, Lazio and Puglia, with a total capacity of 61.1 MW.

The transaction, a construction bridge financing, represents a novelty in the grid parity market in Italy in the photovoltaic sector, as the contractual structure adopted does not provide for the ex-ante finalization of PPA contracts, which can be negotiated more efficiently when the plants come into operation.

Once in operation, the plants will be able to generate an expected annual output of more than 104 GWh, capable of covering the annual energy needs of about 21,000 people while avoiding climate-changing emissions of more than 52 thousand tons of CO₂ equivalents per year; considering a plant life of about 30 years, this will correspond to a saving of more than 1,500 thousand tons of CO₂ equivalents that will not be emitted into the atmosphere.

Stefano Marulli, CEO of PLT energia, commented, "With this transaction we continue the investments envisaged in our business plan, confirming the Group's leading role in the production of energy from renewable sources. UniCredit confirms itself as our reference partner to support the Group's growth plan and to structure articulated and innovative initiatives for the sector."

Andrea Burchi, Regional Manager Central Nord UniCredit, remarked, "We are proud to once again support the development plans of PLT Energia, among the undisputed protagonists of the Italian energy transition. This innovative financing operation, realized thanks to the synergy between the Region Centro Nord and the Infrastructure & Export Financing team, represents a concrete contribution not only to the company's growth, but also to the strengthening of a key sector such as energy production from renewable sources. It is a further step that confirms our Group's commitment to promoting the transition to a more sustainable, competitive and strategic future".

As part of the transaction, UniCredit was assisted for legal advice by the firm Bonelli Erede, for technical advice by Fichtner Italia, for profiles related to insurance requirements by Marsh and for auditing the financial model by PwC Advisory. PLT energia was assisted by Studio Tributario E Legale Rossi Rossi & Partners for legal aspects related to hedging financing.


Per maggiori informazioni:

Eleonora Tortora
CFO & Investor Relator
PLT holding S.r.l.
Email: e.tortora@pltholding.it

UniCredit
Media Relations
Email: mediarelations@unicredit.eu

To Back