Peridot Solar Limited has secured bilateral financing worth EUR120 million (US$128.7 million) to construct seven solar photovoltaic (PV) assets with a total capacity of 178 MW in Italy. The company received support from Infranity SAS. The deal marks an essential milestone for PSL's ambitious plan to achieve 5GW of renewable energy capacity across Europe by 2026.
To secure the financing agreement, Peridot Solar Limited received support from several advisors, including IDCM Limited (Financial Advisor), EOS Consulting (Technical Advisor), Weil, Gotshal & Manges (UK Legal Counsel), Legance and Parola Angelini (Italian Legal Counsel).
Peridot Solar Limited is committed to developing, constructing, and operating renewable energy projects across Europe. With a diverse portfolio of renewable energy sources, including wind, solar, and hydroelectric power, the company aims to promote a sustainable and efficient energy production strategy.
Country updates
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May 22, 2023
Sonnedix, Statkraft sign 10-year PPA for 34 MWp solar PV projects in Lazio
Sonnedix and Statkraft have entered into a 10-year solar power purchase agreement (PPA) for a new solar project portfolio in Italy. The agreement is for the combined output of two solar photovoltaic p...
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May 18, 2023
Repsol unveils plans to develop over 1.7 GW of Italian renewable energy projects
Repsol has planned to develop more than 1.7 GW of renewable energy projects in Italy. The project is estimated to cost around EUR500 million euros (US$550 million). The company plans to eventually gro...
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May 11, 2023
Trailstone, Glennmont sign route to market PPA for 84 MW Italian wind projects
Trailstone Group has signed a route-to-market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen which involves 84 MW of wind capacity in Italy. With this deal, Trailstone's wind...
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May 11, 2023
Trailstone, Glennmont sign route to market PPA for 84 MW Italian wind projects
Trailstone Group has signed a route to market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen which involves 84 MW of wind capacity in Italy. With this deal, Trailstone's wind...
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May 10, 2023
Telecom Italia, ERG sign PPA for 200GWh/year of renewable energy
Telecom Italia (TIM) has announced that it has expanded a 9-year power purchase agreement (PPA) with ERG. This is part of TIM's push towards clean energy, and the new agreement will add 200 GWh...
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