The Project comprises a 2.52 MWp plant with bifacial modules on single-axis trackers and a 2.50 MW grid injection capacity, with an accepted medium-voltage grid connection solution from the local distribution system operator (DSO) and the land secured through preliminary surface-rights agreements.

Construction is currently scheduled to start in Q1 2027. The opportunity is suited to IPPs, infrastructure and energy-transition funds, and industrial investors seeking a mid-size, near-construction position in the Italian solar market.

INVESTMENT HIGHLIGHTS

• Secured grid access: 20 kV MV connection solution issued by the DSO, amended to an underground-cable route and accepted in May 2024; 30% of the connection fee already paid and the detailed design of the grid works (PTO) submitted in November 2024.
• Efficient technology: 3,528 bifacial monocrystalline 715 Wp modules on single-axis trackers, 8 × 320 kW string inverters and a 1,600 kVA transformer, delivering a specific yield of c. 1,460 kWh/kWp.
• Compact, low-impact footprint: the plant occupies c. 1.06 ha of a c. 4.8 ha site (c. 22% coverage) on land zoned as building land, reducing land-use and landscape sensitivities.
• Competitive cost base: total CAPEX of c. €2.28m (c. €0.91/Wp), with annual operating costs of c. €65k.
• Attractive cash generation: expected revenues of c. €313k p.a. and EBITDA of c. €248k p.a. (c. 79% margin) based on Seller estimates.
• Supportive market: Italy’s National Energy and Climate Plan (PNIEC) targets c. 80 GW of installed solar PV by 2030, underpinning demand for construction-ready capacity.

KEY PROJECT DATA

DEVELOPMENT STATUS & MILESTONES

Note: status of the Single Regional Authorisation and validity of the grid solution to be confirmed in the data room.

INDICATIVE ECONOMICS (SELLER ESTIMATES)

Illustrative IRR computed by MergersCorp on Seller figures: 25–30-year life, flat revenue and operating costs, 0.4% annual module degradation, no leverage, no tax and no terminal value. For indicative purposes only.

PROPOSED TRANSACTION & PROCESS

• Perimeter: acquisition of 100% of the project company holding the Project’s rights, permits, grid connection 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.