METLEN has secured 65 million euros in financing for the construction of Porto Torres and Casale Monferrato, two large-scale solar parks totalling 60 MW, expected to be completed by the end of 2025. Both projects will be located in Sardegna and Piemonte, two strategically important regions for METLEN’s expansion in Italy.

The solar parks benefit also from a state-backed incentive tariff granted by the GSE (Gestore dei Servizi Energetici) for a period of 20 years and are estimated to produce approximately 110 GWh of clean energy annually, enough to meet the energy needs of over 50,000 Italian households and prevent the emission of 26,000 tons of CO2 per year.

In addition, the financing transaction also includes accordion facilities, which allow for future expansion of the credit commitments for two additional solar projects; and one BESS, representing a key structural innovation and strategic asset for grid support and revenue optimisation.