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20 Oct 2025

"Herbert Smith Freehills and DLA Piper Assist in €46 Million Green Financing for Advanced Agrivoltaic Project"

"International law firm Herbert Smith Freehills Kramer has assisted several banks, including UniCredit and Banca Monte dei Paschi di Siena, in a financing operation worth over €46 million for a corporate vehicle controlled by the Futura Group. This financing is aimed at developing an advanced agrivoltaic plant with a total capacity of approximately 45MW, combined with a 20MW energy storage system, and is certified green under the "Green Loan Principles." The legal team handled the structuring and drafting of project contracts and regulatory assistance. DLA Piper also supported the Futura Group with financial documentation and permits. Notarial aspects were managed by notaries Giovannella Condò and Stefania Anzelini."

**Press Release Summary** The international law firms Herbert Smith Freehills Kramer and DLA Piper participated in a financing transaction, assisting various banks and the Futura Group. Herbert Smith Freehills Kramer represented UniCredit, Banca Monte dei Paschi di Siena, BPER, Banco di Sardegna, and Banca Ifigest, while DLA Piper assisted the Futura Group. The transaction involved a financing operation valued at over €46 million for a corporate vehicle controlled by the Futura Group, aimed at developing an advanced agrivoltaic plant with a total capacity of approximately 45MW, combined with an energy storage facility of around 20MW. The financing is certified as green under the "Green Loan Principles." The team from Herbert Smith Freehills Kramer was led by partner Simone Egidi and included partner Francesca Morra, senior associates Chiara Miccolis, Alessandra Iandoli, and Alessandro Rendina, associates Giacomo Bedeschi and Pietro Guida, and Kevin Aldeghi. Their work encompassed the drafting and negotiation of financial documentation, legal due diligence, structuring, and drafting of project contracts, including agreements with agricultural enterprises, as well as regulatory assistance. DLA Piper's team was coordinated by partner Giovanni Ragnoni Bosco Lucarelli, supported by lawyer Gianfranco Giorgio and Angela Angiò for financial documentation, and partner Germana Cassar and lawyer Ludovica Gennaro for matters related to permits and incentives. For the Futura Group, Francis Ravano oversaw all aspects of the financing throughout its various phases, including origination, structuring, and execution. The notarial aspects of the transaction were handled by notaries Giovannella Condò (co-founder) and Stefania Anzelini from Milano Notai.
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