METLEN Secures Funding to Build 60 MW of Solar Power Capacity Across Sardegna and Piemonte in Italy

METLEN Secures Funding to Build 60 MW of Solar Power Capacity Across Sardegna and Piemonte in Italy

(IN BRIEF) METLEN has secured €65 million in financing to build two large-scale solar parks — Porto Torres in Sardegna and Casale Monferrato in Piemonte — totaling 60 MW of capacity. Scheduled for completion by the end of 2025, the projects are expected to generate 110 GWh of renewable energy annually, enough to supply 50,000 homes and cut 26,000 tons of CO₂ emissions per year. The club deal was arranged with UniCredit, Intesa Sanpaolo, and Alpha Bank as key financial institutions. The financing includes €56 million in non-recourse senior debt, €3 million for VAT, and €3 million for a DSR Facility, with future expansion possible through accordion facilities that also include a Battery Energy Storage System (BESS). A consortium of top advisors — including BonelliErede, Legance, EOS Consulting, Marsh, KPMG, and Aurora — supported the transaction.

(PRESS RELEASE) ATHENS, 5-Nov-2025 — /EuropaWire/ — METLEN has obtained €65 million in project financing to develop two major solar parks in Italy — Porto Torres in Sardegna and Casale Monferrato in Piemonte — with a combined installed capacity of 60 MW. Both projects are expected to be completed by the end of 2025 and represent a significant milestone in METLEN’s strategic expansion across Italy’s key renewable energy regions.

Once operational, the solar parks are projected to generate around 110 GWh of clean electricity annually, enough to power more than 50,000 households and reduce CO₂ emissions by approximately 26,000 tons each year. The projects will benefit from a state-backed incentive tariff granted by the GSE (Gestore dei Servizi Energetici) for a 20-year period, further strengthening their financial sustainability and long-term impact on Italy’s clean energy transition.

The financing arrangement was structured as a club deal, led by major European financial institutions. UniCredit and Intesa Sanpaolo – IMI CIB Division acted as Global Coordinators, Mandated Lead Arrangers, and Green Loan Coordinators, while Alpha Bank served as Mandated Lead Arranger and Hedging Bank. UniCredit also fulfilled multiple roles, including Hedging Bank, Issuing Bank, Agent, and Account Bank. The total package includes €56 million in non-recourse senior debt, €3 million for VAT financing, and €3 million for a DSR Facility, alongside LC facilities to cover decommissioning obligations to the GSE and local authorities.

Notably, the financing structure includes accordion facilities, allowing for future expansion to additional solar projects and the integration of a Battery Energy Storage System (BESS) — a key technological feature that enhances grid flexibility and optimizes revenue streams.

A team of specialized advisors supported the transaction: BonelliErede acted as borrower’s legal advisor, Legance as lenders’ legal advisor, EOS Consulting as technical advisor, Marsh as insurance advisor, KPMG as model auditor, and Aurora as market advisor. The collaboration of leading industry experts underscores the project’s strong technical, financial, and regulatory foundations.

With these projects, METLEN reinforces its commitment to advancing renewable infrastructure across Italy, contributing to national and EU climate goals while supporting the broader shift toward sustainable energy independence.

Media Contact:

T: +30 210-6877300
F: +30 210-6877400
E: info@metlengroup.com

SOURCE: Metlen Εnergy & Metals