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Published on 11/11/2026 at 01:42 am EST
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(Alliance News) – Innovatec Spa and ESI Spa said Tuesday that they had signed, through ESI subsidiary ED Solar 3, a €2.1m financing agreement with Mediocredito Trentino-Alto Adige for the construction of a 3.0 MWp ground-mounted photovoltaic plant in Anzio, in the Il Macchione area.
The transaction is part of the group’s growth plan, aimed at enhancing its pipeline of photovoltaic projects through a model that combines the sale of plants to third parties, before or after construction, with the direct management of assets as an Independent Power Producer.
ESI, acting as EPC contractor, will directly oversee the construction of the plant on a turnkey basis, from detailed engineering through construction and installation. Work is expected to begin in November, while commissioning is scheduled for the first half of 2027.
The financing is divided into two facilities: the first, for approximately €1.8m, benefits from funding provided by the European Investment Bank and a SACE guarantee, with a total term of approximately 14 and a half years; the second, for €300,000 and with a three-year term, is intended to finance the VAT credit generated by the investment and the purchase of cover against the risk of rising interest rates.
The applicable rate is six-month Euribor plus a spread in line with the best market conditions. The transaction also includes a CAP derivative contract to limit exposure to any increases in interest rates.
“This financing, backed by EIB funding, confirms the banking system’s confidence in the industrial strength of our projects,” said Riccardo Di Pietrogiacomo, ESI’s chief executive officer, stressing that the Anzio plant represents a further step in developing a portfolio of company-owned assets capable of generating stable cash flows over the long term.
By Chiara Bruschi, Alliance News reporter
Comments and questions to redazione@alliancenews.com
Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.
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