Solar project finance in Italy
Project financing a utility-scale solar plant requires certified technical documentation, a verifiable permitting trail, and a developer with the organisational and financial depth to stand behind the asset.
Terrawatt builds every project with these requirements in mind from the outset, with the goal of minimising the structuring work required by lenders at the financing stage.
Every project documented
to withstand credit due diligence
For every asset in the portfolio, Terrawatt prepares structured documentation covering: independent third-party yield studies, land due diligence reports (title deeds, cadastral compliance, absence of encumbrances), full permitting trail with details of authorisations obtained and those in progress, and grid connection status analysis.
This documentation is organised to follow the standard formats required by lenders’ technical advisors, reducing the time needed to prepare the Lender’s Technical Advisor Report. The Terrawatt team participates directly in Q&A sessions with the LTA and the lender’s legal counsel, providing technical responses without intermediaries.
Financial strength of the group
In any project finance transaction, the developer’s financial standing is a material factor in counterparty risk assessment. Terrawatt is part of the Donati SpA group, which has a solid balance sheet and decades of operational history in construction and civil infrastructure.
This is not a cosmetic detail in the company presentation. It has direct implications for Terrawatt’s ability to carry development costs without bridge financing, to maintain the team through the longer phases of the permitting process, and to absorb delays without compromising project quality.
For a lender assessing completion risk, sponsor strength is a component of the overall credit quality of the transaction.
Our approach to structuring
project debt
Terrawatt is open to engaging with lenders at advanced predevelopment stage, before a project reaches RTB.
This early-stage dialogue allows the bank to become familiar with the project structure, identify any critical issues well in advance, and contribute to defining the documentation required for financial close. The team is available for management briefings on individual projects, presentation of the corporate structure, and analysis of the covenants envisaged in the financing structure.
Lenders interested in exploring project finance opportunities across the Terrawatt portfolio are welcome to contact the team directly to arrange a confidential first meeting.
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