NetOn has secured project financing from BNL BNP Paribas aimed at supporting the development of a portfolio of self-consumption photovoltaic plants. The deal concerns a model that is still not widely used on the Italian market, based on supplying companies with renewable energy produced directly at their industrial sites, through on-site PPA (Power Purchase Agreement) contracts.
The solution allows businesses to access long-term solar energy, reducing their exposure to energy price volatility and supporting their respective decarbonization pathways.
NetOn is an independent renewable energy producer specializing in developing photovoltaic solutions for industrial self-consumption. The company is backed by Quantum Capital Group, a US fund specializing in the energy sector with over $30 billion in assets under management. The new financing expands NetOn’s capacity to support a growing number of companies in their energy transition journey.
LCA assisted NetOn on the legal aspects and contractual matters of the transaction, with a team made up of equity partner Davide Valli and associate Giancarlo Aiello.
Meti Corporate Finance assisted NetOn as exclusive debt advisor, supporting the company in structuring the transaction and securing the financing.
ADVANT Nctm assisted BNL BNP Paribas as legal advisor, handling both the legal due diligence and the preparation of the financing’s contractual documentation. The team that handled the due diligence was coordinated by partners Giovanni Battista De Luca and Piero Viganò, together with counsel Martina Marmo and professionals Michele Carli, Stefano Biraghi, Valentina Castelli, Gianluca Zampieri, and Edoardo Simonetti, each responsible for their respective areas of expertise. The preparation, negotiation, and finalization of the contractual documentation was handled by partner Eugenio Siragusa together with lawyers Martina Marmo and Fabio Rastelli.
Protos acted as technical advisor, carrying out the technical due diligence on the portfolio of plants.
Notarial aspects were handled by notary Giovannella Condò and lawyer Mattia Tracanna of Milano Notai.
Read the original story: Legalcommunity
