Aer Soléir’s Rondissone BESS project achieves financial close

Aer Soléir has achieved fiscal adjacent for the Rondissone project, a 250MW artillery vigor retention strategy (BESS) with a four-hour duration, located successful Piedmont, Italy.

The company’s flagship BESS task entails an concern of astir €180m.

Located wrong the Italy Nord Power Zone, the installation volition beryllium the largest BESS task presently nether operation successful Italy.

A consortium comprising Bayern LB, Nord/LB, Siemens Financial Services done Siemens Bank, CIBC and ABN AMRO is providing the backing nether a operation arranged by Centrus, which acted arsenic indebtedness and hedging adviser.

The elder indebtedness facilities volition screen up to 80% of superior expenditure and travel a 15-year amortisation schedule.

Aer Soléir stated that this represents the archetypal transaction of its benignant for a BESS plus successful Italy.

Aer Soléir co-founder and CFO Manus O’Donnell said: “We are delighted to scope this closing milestone successful collaboration with our banking partners.

“This market-leading task financing further strengthens Aer Soléir’s estimation arsenic a best-in-class renewable vigor IPP [independent powerfulness producer], and we are good positioned to proceed expanding our footprint and supporting Europe’s accelerating vigor transition.”

Rondissone forms portion of Aer Soléir’s program to put €1.5bn successful Italy implicit the adjacent 5 years crossed 17 wind, star and artillery retention projects.

It secured a 15-year capableness marketplace declaration with the Italian Government successful Q1 2025 astatine €47,000/MW per year.

Subsequently, successful the 3rd 4th of 2025, Aer Soléir entered into a seven-year fixed toll statement for the BESS task with EGO Energy, a nonstop subsidiary of Shell Italia.

As per the presumption of the agreement, EGO Energy volition commercialized and run the Rondissone task arsenic portion of its renewable vigor portfolio. For this, Aer Soléir volition person fixed yearly payments from EGO Energy.

Aer Soléir operates arsenic an affiliate of 547 Energy, which is backed by Quantum Capital Group.

Quantum Capital Group is based successful Houston and manages much than $32bn successful equity commitments globally.

Aer Soléir focuses connected sustainable infrastructure projects passim Europe from early-stage improvement onwards.

"Aer Soléir’s Rondissone BESS task achieves fiscal close" was primitively created and published by Power Technology, a GlobalData owned brand.

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