A new €10 million in funding has been announced to enhance energy efficiency in Italy.
SUSI Partners have signed an agreement with Free Energia to finance LED street lighting, rooftop solar PV, and combined heat and power plants projects. The funding is expected to reduce carbon emissions of up to 5,000 tonnes per year.
The capital has so far funded the development of three on-site energy generation projects with corporates and two street lighting projects with municipalities.
Stefano Fissolo, transaction manager at SUSI: “We are proud to kick off this partnership with Free Energia and are looking forward to expanding the initial volume to fund a project pipeline over the next years. Since 2015, this is the tenth energy service company we [have] partner[ed] with in Italy.
Salvatore Pelleriti, CEO of Free Energia, said the funding will “… effectively tackle the trends affecting players and processes in the generation, transport/distribution, and consumption of energy in Italy, which are becoming more and more decentralised, sustainable and interconnected.”
The transaction was supported by the law firm Legance.
SUSI has to date invested capital of more than €230 million and launched a follow-up vehicle for energy efficiency investments with a volume of at least €300 million.