METLEN has successfully closed €16.6 million in project financing for the development of the Bicinicco solar park, a 20.75 MWp large-scale photovoltaic project located in the Friuli Venezia Giulia region of northern Italy, with completion expected in 2026.
Once operational, the project is expected to generate approximately 30 GWh of clean electricity annually, covering the energy needs of more than 15,000 households and avoiding around 7.000 tonnes of CO₂ emissions per year.
The transaction marks another important milestone in METLEN’s growing footprint in Italy and supports the Group’s broader strategy to deploy more than 1,5 GW of solar capacity and approximately 0,3 GW of battery energy storage systems (BESS), strengthening its position among the leading independent power producers in Southern Europe.
The financing was secured through Piraeus Bank, further reinforcing METLEN’s long-term commitment to the Italian market and its energy transition.
The transaction was supported by an experienced advisory team, with BonelliErede acting as borrower’s legal advisor, Dentons as lender’s legal advisor, Vector Renewables as technical advisor, Marsh as insurance advisor, KPMG as model auditor and MBS Consulting as market advisor.
