Aer Soléir’s Rondissone BESS project achieves financial close

Core Insights - Aer Soléir has achieved financial close for the Rondissone project, a 250MW battery energy storage system (BESS) in Piedmont, Italy, with an investment of approximately €180 million, making it the largest BESS project currently under construction in Italy [1][2] Group 1: Project Financing - A consortium including Bayern LB, Nord/LB, Siemens Financial Services, CIBC, and ABN AMRO is providing funding, covering up to 80% of capital expenditure with a 15-year amortization schedule [2] - This transaction is noted as the first of its kind for a BESS asset in Italy [2] Group 2: Strategic Partnerships and Agreements - Aer Soléir secured a 15-year capacity market contract with the Italian Government at €47,000/MW per year, and a seven-year fixed toll agreement with EGO Energy, a subsidiary of Shell Italia, for the BESS project [4] - EGO Energy will operate the Rondissone project as part of its renewable energy portfolio, providing Aer Soléir with fixed annual payments [4] Group 3: Future Plans and Investments - Aer Soléir plans to invest €1.5 billion in Italy over the next five years across 17 wind, solar, and battery storage projects, enhancing its position as a leading renewable energy independent power producer (IPP) [3] - The company operates as an affiliate of 547 Energy, backed by Quantum Capital Group, which manages over $32 billion in equity commitments globally [5]