Operis Supports Treia & Oria Solar Project Refinancing

Operis was pleased to provide Encavis with a formal model audit including the review of the model’s tax and accounting treatments for the refinancing of ten solar photovoltaic power plants. The project is named after the small Italian towns of Treia and Oria, both in Marche and Apulia respectively, where the solar PV plants are located.

In early July 2020, Encavis, a German company with a large portfolio of solar and wind farms across Western Europe, successfully reached financial close to raise upwards of €60m for the refinancing of the ten solar plants with an overall capacity of 29.1MWp.

The project benefits from the Conto Energia support scheme, introduced in 2005, which provides incentive tariffs for energy produced by photovoltaic systems over a period of 20 years.