02 | 08 | 18 deals & projects

REA AND CERAMI TOGETHER WITH FONDAZIONE FIERA MILANO FOR THE JV WITH A2A FOR PHOTOVOLTAICS IN MARKET PARITY ON THE ROOFS OF THE INTERNATIONAL FAIR

Studio Cerami, law firm specialized in urban and infrastructural development projects supported in contractual negotiations by the Pavesi-Gatti-Bianchi law firm (with the lawyers Luigi Arturo Bianchi, Micaela Vescia and Vincenzo Di Ferdinando), and REA Srl - Reliable Energy Advisors, boutique advisory firm in the field of green finance and regulated industries, assisted Fondazione Fiera di Milano in the selection of the industrial partner for the construction of a photovoltaic plant to build on the roofs of the International Exhibition sited in Rho.

The long competitive process, which saw the participation of important operators in the energy sector, ended yesterday with the signature of the joint venture agreement with A2A Rinnovabili. The project involves the construction of a first photovoltaic plant of about 10 MWp (extendible up to 14 MWp) for the self-consumption of the fair and of other users present within the exhibition compound, which will be implemented through the signature of bilateral sales contracts for the self-consumed energy under the SEU regime.

The plant, to be built in 2019, will become one of the European largest rooftop PV plants in market parity and the largest rooftop solar installation in Italy in self-consumption without any state incentives.

The project combines the benefits of on-site energy consumption with the long-term PPAs that guarantee the stability and sustainability of the investment.

 REA Srl, with a team composed of the managing director Giuseppe Mastropieri and the senior associate Lorenzo Nardon, supported the foundation in the development of the initiative and in the management of the competitive process with the arrangement of the technical-economic tender documents and the comparison of the submitted offers. Regarding the legal aspects of the tender, Fondazione Fiera has been assisted by Studio Cerami (team composed of the lawyers Carlo Cerami, Carola Ragni and Elisa Puppo), which was provided advise for the aspects related to the JV with A2A.

"The exhibition compound in Milan has a solarization potential of over 20 MW, making the best use of the available roofs and thus becoming an energy hub to supply the new techno-pole of the EXPO area with green energy - says Mastropieri - With this pioneering initiative that follows the one taken by CAAB in Bologna inside the Eataly World area, Italy stands as a European leader in the grid parity photovoltaic market "