As Technical Advisor, EOS Consulting assisted UniCredit in structuring the financing, performing Technical Due Diligence activities on all plants in the portfolio.
January 9, 2018
Amplio Energy and LumX, leading European investment funds in the renewable energy sector, have reached the financial closing of a refinancing transaction worth 87 M€, for a portfolio composed of 40 photovoltaic plants in operation in different Italian regions, with a total capacity of 31.07 MW. The transaction consists of a variable-rate loan worth 70 M€ underwritten by two leading European investors, and a term loan worth 17 M€ underwritten by UniCredit, which also acted as MLA, placement agent, hedging bank and facility agent.
As Technical Advisor, EOS Consulting assisted UniCredit in structuring the loan, performing Technical Due Diligence activities on all plants in the portfolio. The main objective of the Consultant’s analysis was to identify production assumptions, revenues and operating costs for the definition of the base case, as well as to identify – also for the benefit of the other investor parties – any technical risks potentially impacting the operation of the plants, mapping out the relevant mitigants where possible. The activity was also carried out through dedicated site inspections, and supported the investors’ preliminary investigation until the financing was underwritten.