The financial structure adopted is a grid-parity mini-perm project financing green loan, divided into several credit lines.
Once operational, by 2026, the plants will produce 114 GWh of clean energy per year, in line with the objectives of the Green New Deal.
Milan, 13 October 2025 - UniCredit has financed GRV Assets 2 S.r.l., a company wholly owned by GR Value S.p.A., with a €62.9 million mini-perm project financing green loan.
The loan, certified green in accordance with the Green Loan Principles and benefiting from the SACE green guarantee, is intended to support the costs of construction and commissioning of six new solar renewable energy plants located in Basilicata, Puglia and Sicily.
The portfolio has a total installed capacity of over 60 MWp and an expected annual production of approximately 114 GWh, capable of covering the annual energy needs of over 42,000 Italian households.
Once operational, the plants will prevent climate-changing emissions of over 30,000 tons of CO₂ equivalent per year. Considering that the plants will have a useful life of around 30 years, this will correspond to a saving of over 800,000 tons of CO₂ equivalent that will not be emitted into the atmosphere.
The transaction, a mini-perm project financing green loan structured around various cash and signature credit lines for grid parity greenfield solar projects, was structured by UniCredit in its capacity as Global Coordinator & Bookrunner, Structuring Mandated Lead Arranger, Original Lender and Hedging Bank, Agent Bank, SACE Agent and Account Bank.
Thanks to their positive impact in terms of climate change mitigation and increased national energy security, these energy assets are in line with the objectives of the EU Green New Deal and are supported by the green guarantee of SACE, the Italian insurance and financial group controlled by the Ministry of Economy and Finance, specialized in supporting businesses and the national economy and plays a central role in the implementation of the Green New Deal in Italy.
The plants are currently under construction and are expected to be operational by 2026. The energy produced will be sold to a leading national player in the energy sector with an investment grade rating, based on a 20-year PPA.
Gianluca Veneroni, CEO of GR Value, said: "This important new financing operation in support of the route-to-market of our pipeline of wind, solar and storage systems consolidates a mutually satisfactory relationship with UniCredit and a well-established path towards achieving the objectives set out in our business plan. This transaction involves a leading Italian bank offering innovative green finance solutions, with the fundamental support of SACE, and confirms the GR Value team's ability to deliver challenging projects quickly and effectively. All this at such a delicate moment in history, when the fight against climate change and energy independence are increasingly becoming strategic objectives to be achieved with the highest priority. We are therefore proud to be able to contribute through our projects to the energy transition of Italy and Europe towards a more secure and sustainable energy future".
Marica Campilongo, Head of Large Corporates at UniCredit Italy, said: "UniCredit has made a concrete commitment to the transition to a green and sustainable economy by providing both financial and advisory support to customers who want to invest in transforming their production model. This latest transaction in favor of the GR Value group demonstrates our shared commitment to the company's growth path and our desire to provide customers with innovative, tailor-made solutions that can also have a positive impact on the country's energy independence and stability through renewable energy sources and long-term storage systems, in line with European and national programs."
UniCredit was assisted by Legance - Avvocati Associati as legal advisor, while Vector Renewables S.r.l. and Marsh S.p.A. acted as technical-environmental and insurance advisors, respectively. KPMG Advisory S.p.A. acted as model auditor. GR Value was assisted with the financing documents, corporate aspects and project contracts by the Energy team at Gitti and Partners.
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