The Project has a grid injection capacity of 10.2 MW and a current design of c. 12.7 MWp, using bifacial modules on single-axis trackers combined with continued agricultural use of the land.
The Project is being authorised through the Simplified Authorisation Procedure (PAS) at municipal level: the application was filed with the municipal One-Stop Shop (SUAP) in July 2026 and the supplementary town-planning documentation requested by the municipality was submitted in September 2026. The grid connection solution issued by Terna provides for a 150 kV antenna connection to a new switching substation of the national transmission grid. The opportunity suits IPPs, infrastructure and energy-transition funds and industrial investors seeking a mid-size, advanced-stage Italian solar asset.
INVESTMENT HIGHLIGHTS
- Efficient permitting route: PAS is a simplified municipal procedure; the SUAP receipt (August 2026) sets a 30-day term after which silence of the competent administration is equivalent to approval. The supplementary documentation requested in September 2026 has already been filed.
- Direct HV grid access: Terna connection solution (STMG) with a 150 kV underground cable in antenna to a new 150 kV RTN switching substation, inserted in-out on an existing 150 kV line; dedicated 30/150 kV user substation within the site.
- High-yield technology: single-axis E-W trackers with 650 Wp bifacial N-type modules and SMA central inverters, in one of Italy’s stronger solar-resource regions.
- Secured, simple land base: the plant sits on a single cadastral parcel with one owner, under a preliminary purchase agreement; the cable route crosses only a few private parcels (easements) and farm roads, with modest estimated compensation.
- Mature engineering: electrical design report with cable sizing and electromagnetic-field assessment (March 2026), detailed expropriation/easement parcel plan (July 2026) and a full PAS design package (landscape, constraints and planning studies).
- Supportive market: Italy’s National Energy and Climate Plan (PNIEC) targets c. 80 GW of installed solar PV by 2030; agrivoltaic layouts are favoured by Italian energy and land-use policy.
KEY PROJECT DATA
| Location |
Lazio region, Central Italy (province north of Rome); agricultural area at c. 160 m above sea level, reached via a farm road off a state road |
| Technology |
Agrivoltaic, ground-mounted; single-axis E-W trackers (N-S axis); bifacial monocrystalline N-type modules (650 Wp) |
| Capacity |
10.2 MW grid injection; 12.727 MWp DC (rated capacity 10.67 MW per the parcel plan) |
| Main equipment (current design) |
19,580 modules; 3 SMA Sunny Central UP central inverters (2 × 3,060 kVA + 1 × 4,200 kVA) in MV power stations; 30 kV MV network; 30/150 kV user substation |
| Site |
Single cadastral parcel of c. 17.3 ha project area (c. 14.3 ha occupied by the plant, including mitigation areas, roads and fencing); currently cereals and forage, to be replaced by crops defined in an agronomic plan |
| Grid connection |
Terna STMG: 150 kV underground cable in antenna to a new 150 kV RTN switching substation, inserted in-out on an existing 150 kV line |
| Land rights |
Plant parcel: preliminary purchase agreement with the sole owner. Cable route: easements over c. 5 private parcels (c. 1.2 km, c. 2,500 m² of easement strip; estimated compensation c. €2k) plus farm roads |
| Permitting route |
Simplified Authorisation Procedure (PAS) – municipal SUAP/SUE |
| Incentives |
Route to market through merchant sales and/or PPA (eligibility for support schemes to be assessed by the buyer) |
DEVELOPMENT STATUS & MILESTONES
| March 2026 |
Electrical design and electromagnetic-field report completed |
| July 2026 |
PAS application filed with the municipal One-Stop Shop (SUAP); parcel plan issued |
| August 2026 |
SUAP receipt issued (30-day term for silent consent) |
| September 2026 |
Municipality requests re-filing of the town-planning documents on its building portal (SUE) within 60 days; supplementary documentation submitted on 11 September 2026 |
Note: the outcome of the PAS procedure and the status of the grid connection solution (acceptance and validity) will be confirmed in the data room.
INDICATIVE ECONOMICS
| Illustrative specific yield |
c. 1,750–1,850 kWh/kWp (single-axis trackers with bifacial modules in Central Italy) |
| Illustrative annual production |
c. 22–23.5 GWh (year 1) |
| Illustrative annual revenue |
c. €1.7–2.0m at an assumed captured price of €75–85/MWh |
| CAPEX / energy yield report |
Not included in the documentation received; to be provided in the data room |
No energy yield report or cost estimate was provided with the project documents. The figures above are MergersCorp benchmark assumptions for indicative purposes only and are not forecasts.
PROPOSED TRANSACTION & PROCESS
- Perimeter: acquisition of 100% of the project company holding the Project’s rights, applications, Terna grid connection solution and land agreements.
- Structure: share deal (to be confirmed); consideration and payment terms to be proposed by bidders.
- Next steps: execution of a Non-Disclosure Agreement, followed by access to an Information Memorandum and virtual data room, and submission of non-binding indications of interest.
