Milan, July 3rd 2026 – Vector Renewables has supported Qualitas Energy and the financial institutions CaixaBank, La Banque Postale and DekaBank as Technical Advisor in connection with the €172 million non-recourse financing of a 156 MWp greenfield solar PV portfolio, comprising 15 solar assets located across several Italian regions and owned by Qualitas Energy.
The portfolio benefits from cashflow stability supported by a diversified mix of long-term contracted revenues, combining FER X – Italy’s incentive mechanism for renewable energy sources –, FER X NZIA, the dedicated framework aligned with the EU Net-Zero Industry Act, power purchase agreements (PPAs) and other support schemes. The financing has been structured on a non-recourse basis with a fully amortising repayment profile, and includes a term loan, customary ancillary facilities and an interest rate swap. Qualitas Energy is a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure.
Acting as Technical Advisor to Qualitas Energy, Vector Renewables supported throughout the technical analysis and due diligence carried out in connection with the financing process, up to the closing of the transaction. In particular, Vector Renewables performed the Technical Due Diligence on part of the portfolio, including the review of the technical, permitting and contractual documentation of part of the portfolio, with in-depth analysis of the authorisation process, environmental and land-use constraints, grid connection infrastructure and the civil and electrical design. The construction schedule, the main project contracts and the financial model were also assessed from a technical and operational standpoint. The team further contributed to the energy yield assessment of the assets, supporting the evaluation of the portfolio’s expected performance.
Vector Renewables’ involvement will continue through the subsequent phases of the project, including support to the lenders in validating the drawdowns linked to the financing disbursements, as well as possible future support in technical and operational monitoring during the operational phase.
“We are proud to have supported Qualitas Energy as technical advisor on this financing of a 156 MWp greenfield solar PV portfolio in Italy” said Stefano Petrucci, Country Manager Italy at Vector Renewables. “In a market where the quality of technical analysis is increasingly decisive for the bankability of projects, our role is to translate the complexity of a multi-site portfolio into clarity and reliability for developers and financing institutions. Transactions like this strengthen the country’s renewable platform and contribute concretely to the energy transition.”
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