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16 Oct 2025

"UniCredit Provides €62.9 Million Green Loan for Solar and Agrivoltaic Projects in Italy"

"UniCredit has provided a €62.9 million green loan to GRV Assets 2, a subsidiary of GR Value, for the development of six photovoltaic and agrivoltaic plants in Basilicata, Puglia, and Sicily. The financing, certified as green and backed by SACE's green guarantee, will cover construction and operational costs for solar energy projects. UniCredit played a key role as the global coordinator and lead arranger, while legal assistance was provided by Legance and Gitti and Partners. Technical aspects were managed by Vector Renewables, and notarial services were handled by notary Ezilda Mariconda."

**Press Release Summary:** The law firms that participated in the transaction include Legance, which assisted UniCredit, and Gitti and Partners, which represented GRV Assets 2 and other companies within the GR Value group. UniCredit provided a green loan mini-perm project financing of €62.9 million to GRV Assets 2, a wholly-owned subsidiary of GR Value, aimed at the construction of six photovoltaic and agrivoltaic plants located in Basilicata, Puglia, and Sicily. The financing, certified as green under the green loan principles and supported by a green guarantee from SACE, is intended to cover the costs of construction and commissioning of the projects. The operation, structured with various lines of credit for cash and signature, supports greenfield projects in grid parity within the solar energy sector. The legal teams involved in the transaction included: **Legance:** - Simone Ambrogi (Partner) - Financial documentation - Clementina Colombo (Associate) - Financial documentation - Lavinia Melandri (Associate) - Financial documentation - Cristina Martorana (Partner) - Authorizations, regulatory aspects, and due diligence - Alberto Tedeschi (Managing Associate) - Authorizations, regulatory aspects, and due diligence - Alessia Benedetti (Senior Associate) - Authorizations, regulatory aspects, and due diligence - Anna Messina (Associate) - Authorizations, regulatory aspects, and due diligence - Giulia Gandolfo (Associate) - Authorizations, regulatory aspects, and due diligence **Gitti and Partners:** - Matteo Patrignani (Counsel) - Financial documentation and guarantees - Luigi Colaleo (Associate) - Financial documentation and guarantees - Federico Zambon (Associate) - Financial documentation and guarantees - Francesca Bogoni (Partner) - Project contracts **Vector Renewables:** - Giulia Piantoni (Team Lead) - Technical advisory - Chiara Pavani (Head of Technical Advisory Italy) - Authorizations coordination - Samuele Porro (Team Member) - Project analysis - Pietro Perrino (Team Member) - Project analysis - Claudio Pesenti (Team Member) - Agrivoltaic evaluation - Manuele Milani (Team Member) - Grid connection issues - Alessandro Ortuso (Team Member) - Energy production assessment **Notarial Services:** - Ezilda Mariconda (Notary) - Notarial aspects of the operation, Mariconda Chiantini Notary Office, Milan.
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