| Work Detail |
KGAL ESPF 4 fund has successfully commissioned a 148 MW solar park in Tuscania, Viterbo, marking it as the largest privately financed solar project in Italy. The newly operational facility is situated in Lazio, a region known for its high concentration of photovoltaic power plants. Power Purchase Agreement Secured with Edison The Bavarian investment firm confirmed that the fund’s investors will benefit from attractive and predictable cash flows through a 10-year power purchase agreement (PPA) with Italian electricity provider Edison. The agreement ensures long-term financial stability for the project while contributing to Italy’s clean energy transition. Technical Specifications and Project Execution The solar park incorporates over 272,000 photovoltaic modules supplied by JA Solar, with each panel delivering 545-550 watts of output. The project’s large scale posed significant challenges, particularly in coordinating financing and the PPA while ensuring construction and grid connection proceeded as planned. “A project of this size always presents major challenges. The biggest is the precise coordination between financing and PPA, while at the same time, construction and connection must proceed according to plan,” said Patrick Villmann, Senior Transaction Manager at KGAL. Strategic Investment in European Renewable Energy Launched in 2017, KGAL ESPF 4 has invested €1.3 billion in renewable energy projects across Europe, spanning wind, solar PV, and hydropower. The project was financially supported by Natixis and ING, while legal advisory was provided by Green Horse. Technical consultancy was handled by A&D Ingegneria and Vector Renewables. The completion of this solar park reinforces KGAL’s commitment to advancing renewable energy infrastructure in Europe, aligning with Italy’s sustainability goals and energy transition efforts. |
