12.73MW Agrivoltaic Solar Project

A 12.73 MWp agrivoltaic solar photovoltaic project located in the Lazio region of central Italy. The project covers approximately 20.32 hectares and is designed to combine renewable electricity generation with continued agricultural land use. Its technical configuration achieves a Land Occupation Ratio (LAOR) of 38.27%, remaining below the applicable 40% threshold. The project has reached a significant permitting milestone, with the simplified authorization procedure (PAS) completed through the administrative silence-assent mechanism, according to the documentation provided.

KEY PROJECT HIGHLIGHTS

1. 01
   Installed Capacity12.73 MWp
2. 02
   Total Land AreaApproximately 20.32 hectares
3. 03
   Area Occupied by PV ModulesApproximately 14.30 hectares
4. 04
   Land Occupation Ratio (LAOR)38.27%
5. 05
   Specific Energy Yield1.40 GWh/ha/year
6. 06
   Grid Connection AllocationApproximately €14,130 (excluding VAT)
7. 07
   TechnologyAgrivoltaic solar PV

TECHNICAL OVERVIEW

The project features an agrivoltaic configuration designed to optimize land utilization while maintaining agricultural compatibility.

Key technical parameters include:

• LAOR of 38.27%, below the 40% threshold indicated in the project documentation.
• Specific energy yield of 1.40 GWh/ha/year, compared with the 1.07 GWh/ha/year agrivoltaic reference benchmark provided.
• Compliance with the specified minimum agrivoltaic-to-standard photovoltaic productivity ratio of 0.60.

GRID CONNECTION

The project benefits from an allocated grid-connection cost based on the applicable Terna transmission network estimate.

1. 01
   Total Standard Terna Grid Works Estimate€450,000
2. 02
   Project Allocation Coefficient3.14%
3. 03
   Allocated Grid Connection ContributionApproximately €14,130, excluding VAT
4. 04
   Connection ConfigurationConnection via a new 150 kV electrical substation and associated connection infrastructure.

The proposed grid infrastructure includes a new 150 kV electrical substation and connection works associated with the existing transmission network.

PERMITTING & DEVELOPMENT STATUS

The project has progressed through the principal milestone of its simplified authorization procedure (PAS).

Milestone	Status / Timeline
PAS application submitted	11 September 2026
Authorization perfected through silence-assent procedure	21 October 2026
Publication in the Official Bulletin of the Lazio Region	Scheduled for 5 November 2026
Deadline to commence construction	Within 18 months, subject to applicable TICA provisions and relevant contractual conditions
New 150 kV electrical substation	Estimated construction period: 16 months
Grid connection works	Estimated 8 months + 1 month per km

INVESTMENT RATIONALE

1. 01
   Advanced permittingThe PAS procedure has reportedly reached completion through the silence-assent mechanism.
2. 02
   Attractive project scale12.73 MWp of planned installed capacity.
3. 03
   Agrivoltaic land-use efficiencyLAOR of 38.27%, within the stated regulatory threshold.
4. 04
   Strong technical productivityProject-specific energy yield of 1.40 GWh/ha/year.
5. 05
   Grid infrastructure planningDefined connection configuration and allocated grid-connection contribution.
6. 06
   Strategic locationSituated in the Lazio region, Italy, within the country's established renewable energy market.