Milan, March 31, 2026 – Ortus Power Resources Italy, through OPR Sun 0 S.r.l., has finalized a financing transaction, structured on a no-recourse project finance basis and qualified as a Green Loan, for a total amount of approximately €97 million. The transaction is aimed at refinancing a portfolio of photovoltaic plants already in operation, with a total installed capacity of approximately 23 MW—most of which benefit from GSE incentive tariffs pursuant to the FER 1 Decree—and at developing a portfolio of ready-to-build photovoltaic plants with a capacity of approximately 78 MW, awarded GSE incentive rates under the FER-X Decree.

The financing features a HoldCo structure at the level of OPR Sun 0 and has been granted by BPER Corporate & Investment Banking, acting as Green Loan Coordinator, Mandated Lead Arranger, Original Issuing Bank and Facility Agent, and by Mediocredito Centrale (MCC), acting as Mandated Lead Arranger. The financing is structured across several credit facilities (Refinancing Facility, Capex Facility, VAT Facility, Substation Facility, DSR Facility, and a Guarantee Facility supporting the guarantees required under the project contracts).

The advisors assisting Ortus Power Resources Italy were Arcus Financial Advisors and Norton Rose Fulbright.

Arcus Financial Advisors, acting as exclusive Financial Advisor, operated with a team coordinated by CEO Stefano Cassella and led by Senior Partner Federico Mander, with the support of Director Stefania Gatti and Associate Francesco Tiraboschi, throughout the modeling, structuring, negotiation-action and finalization of financing.

Norton Rose Fulbright assisted Ortus Power Resources Italy with a team led by partner Arturo Sferruzza, Head of Banking and Energy in Italy, supported by associates Giulio Mariano and Mattia Musella for the negotiation, finalization, and refinement of all the entire financial documentation, and by senior associate Stefania Casini for administrative law profiles.

BPER CIB and MCC were assisted by DLA Piper Italia Società tra Avvocati S.r.l. with a multidisciplinary team coordinated by partner Giampiero Priori, supported by legal director Silvia Ragavagnani, associate Carolina Magaglio, and trainee Vittoria Panerai on finance-related drafting and negotiation aspects of the financing documentation. The team also included partner Giulio Maroncelli, supported by associate Angelica Pertusio and trainee Lucia Demofonti for corporate and real estate due diligence matters; partner Germana Cassar, supported by associate Luca Paron for administrative due diligence aspects; and partner Andrea Di Dio, supported by senior lawyer Valentina Trappolini.

Protos acted as technical advisor to the lenders, with a team comprising Emiliano Guerrieri, Andrea Peruch, Fulvio Plutino, and Michele Russo.

Ortus Power Resources Italy acted through an internal team coordinated by General Counsel Francesco Perrini and Head of Project Financing Beatrice Frezza.