Operis built the financial model used to secure the financing of the Montalto di Castro photovoltaic park in Italy, which reached financial close on September 17, 2009.

This project, sponsored by SunRay Renewables Energy Ltd. is, at 24MW, the largest project of his kind in Italy. In addition to providing support to the project sponsors, a separate Operis team acted as model auditor on behalf of the sponsor and lenders.

The project involves the construction and operation of a EUR110 million photovoltaic solar project in the Lazio region and is financed by Société Générale, West LB and Intesa San Paolo with subordinated financing provided by SunRay, totalling approximately EUR20 million.

The Montalto di Castro project was the first project closed using a model developed by Operis for the specific purpose of remaining SunRay’s cornerstone of it’s financial evaluation process. This financial model can be used to perform a broad range of tasks from the initial assessment of bankability, feasability and profitability, through to achieving financial close and monitoring performance during operations.

In line with SunRay’s broad arena of operations the model is highly flexible and allows assessment of projects in varying tax and accounting jurisdictions including Spain, Italy, Greece and France.

 

CONTACT US

Please get in touch with either of our regional offices.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Philip Allen
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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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CONTACT US

Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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