Carlo Durante

The first draft of the Power Purchase Agreement was completely unbankable. That's more common than you might think. Many developing countries publish a template PPA for renewable energy projects. On paper, this looks efficient. In practice, those templates often fall far short of what’s needed to raise finance. The types of issues we see include: - A buyer with poor credit and no government guarantee - Developers forced to take grid and curtailment risks - Limited protection if the law or regulations change - Weak remedies on termination or political force majeure - Uncertainty around currency convertibility and offshore transfers - Lack of clear arbitration mechanism to resolve disputes - Term too short to repay the financing On those terms, it's impossible for an international lender to finance the project. As legal advisors, this is where we add value. We analyse risk allocation and negotiate the PPA into a version that lenders will actually accept. Fun(?) fact: I once spent 8 years negotiating a PPA with a state-owned power company. The PPA is the foundation for the entire financing. Get it right and everybody wins. Get it wrong and the project never gets built. 👉 I'm Kristian. I help sponsors, investors, and lenders get global energy, infrastructure and tech transactions structured and closed. Follow for insights - and let's connect. [Photo by Carolien van Oijen on Unsplash, with author's edits]

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Nexta Capital Partners and Octopus Energy Generation have received Single Authorization (Autorizzazione Unica) from Italy’s Ministry of the Environment and Energy Security (MASE) to build a 50 MW battery energy storage system (BESS) in northern Italy. The permit marks a significant milestone for the joint venture, allowing the project to proceed to the next phase of development. “Securing this authorization confirms the strength of our vision and the ability of the Nexta team to successfully deliver complex projects with determination and expertise,” the Nexta management team said in a statement. “We are also pleased to highlight the excellent collaboration with Octopus Energy Generation, a strategic partner in promoting innovative and sustainable energy solutions. We are proud to be actively contributing to the development of a more forward-looking and responsible energy future.” The BESS approval also strengthens Nexta’s wider development strategy, which includes a pipeline of more than 500 MW of advanced-stage projects and a long-term goal of reaching 1.5 GW. https://lnkd.in/gbs25KQV #cleanenergy

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Another milestone moment! We are excited to share that OX2 has successfully handed over its first wind project in Italy, to Nuveen, a TIAA company Infrastructure, one of the world's leading clean energy infrastructure managers. The 27 MW wind farm comprises 6 turbines and is located near Foggia, in the Puglia region of southern Italy. “The successful completion and handover of our first Italian project marks an important milestone in our relationship with Nuveen Infrastructure. We're proud to see this project generating clean energy for the region and look forward to our continued expansion in the Italian market across onshore wind, solar, and energy storage technologies,” says Matthias Taft, CEO, OX2. OX2 will remain responsible for the technical and commercial management of the wind farm. Press release: https://lnkd.in/dZcXuQ3H #renewableenergy #onshorewind

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Subsea interconnectors are essential for electricity supply—and for advancing the energy transition. They link grids. They provide stability. They make it possible to integrate more renewables. Malta’s experience shows it clearly: The Malta–Sicily interconnector has become a lifeline for the island’s electricity supply—reducing reliance on isolated generation and paving the way for cleaner energy. The next step is already underway: Malta–Italy Interconnect 2, currently being manufactured at our plants in Norway and the US. It will further strengthen Malta’s supply and provide the flexibility needed to shape a sustainable energy future. Interconnectors may not always be in the spotlight—but they are the quiet enablers of every successful energy transition. #EnergyTransition #ElectricitySupply #E3 #CleanEnergy #Renewables #EnergyFuture https://lnkd.in/e2P49_XX

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