TEF Fund – Investment in a 4.24 MWp photovoltaic plant – Solar Donna

The needs of the project company in relation to the TEF Fund’s involvement can be summarized as follows: contribution to the capitalization of the company, alignment on financial solutions consistent with the operation’s target risk/return profile, definition of optimal governance and contractual arrangements and ongoing monitoring of the project’s performance and impacts.

Investment in the project company Solar Donna for the development and operation of a 4.24 MWp photovoltaic plant in Sicily. The plant is ground-mounted and utilizes single-axis trackers paired with bifacial photovoltaic modules. The transaction involved the acquisition of 100% of the SPV’s shares, with a fully equity-based investment by the TEF Fund. The project enhances the value of an unused area through an efficient and sustainable plant, contributing to the national energy transition. The plant, launched in 2024, is expected to deliver environmental benefits equal to 2,425 tons of CO₂ avoided and 1,256 TEP of non renewable primary energy savings.

The initiative is currently in the management phase, with the plant’s performance in line with the standards set by the framework agreement of the transaction. The environmental results achieved in 2024 include an annual reduction of 2,064.19 tons of CO₂ and savings of 13,568.14 MWh of non-renewable primary energy.