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Peridot Solar: acquisition of 135 MW portfolio of ready-to-build agri-solar projects in Sicily. 

Peridot Solar (PSL) is delighted to announce that it continues to grow its PV development pipeline in Sicily with a new acquisition of 135 MW portfolio of ready-to-build agri-solar projects developed by SENS (Solar Energy Solutions), subsidiary of Iqony, a German renewable Energy Company.

The projects are on track to start construction by the end of the year with the objective to be fully operational by January 2025.

With a surface area of approximately 230ha of installed Solar panels on monoaxial trackers and centralized inverters, the plant will produce more than 220GWh of renewable energy per year; that could supply enough energy to around 30.000 homes making savings of approximately 110ton of CO2.

PSL and SENS will be supporting agricultural activities by planting Olive’s trees for the production of Olive Oil by local producers and will also be planting areas of permanent meadows for the production of hay, melliferous pastures and the renovation of rural buildings inside the plant’s operating area.

PSL was advised on this transaction by Green Horse Advisory (Legal) and EOS Consulting (Technical); instead SENS was advised by DWF (Italy).

Massimo Sapienza, Managing Director of Peridot Solar, stated: “We are very satisfied with this agreement which further strengthens our portfolio of plants to be built in the next year. We are proud of the growth we are experiencing in Italy.”

Sarah Herresthal, Managing Director of SENS Italy, stated: “Great achievement and we are looking forward together with our affiliate Sicilia and Progresso to get the project realized which offers also a big opportunity to the local territory for its development.”

About PSL

PSL is a solar PV development company that has been founded by a senior management team with over 100 years of combined renewable experience. PSL has offices in London, Milan and Catania, with a team of 30 people focused on development, construction and operation of solar PV across Europe. PSL has over 1.5GW of projects in Italy and the UK with ambitions to develop and build 5GW by 2026.

PSL is a subsidiary of FitzWalter Capital (FWC), a global private investment firm.

About SENS

SENS, the Iqony Solar Energy Solutions Group, is a service provider in the field of renewable energy with headquarter in Würzburg and operations in numerous European countries. SENS is the right partner for everything from project development and turnkey construction of large-scale utility-scale photovoltaic plants (Utility Scale), to operation and maintenance (O&M), to the creation and implementation of integrated energy solutions for commercial and industrial applications (C&I). SENS is a wholly owned subsidiary of Essen-based Iqony GmbH and employs around 350 people at nine locations in Europe.

About Iqony

Iqony makes green energy feasible. With 85 years of experience in the planning, construction and operation of energy technology plants, the company offers holistic solutions for the decarbonisation, decentralisation and digitalisation of the energy supply. Iqony focuses on renewable energies and bridging technologies that can also be used in a climate-neutral way in the future. In addition to solar, wind and geothermal energy, the portfolio also includes hydrogen solutions, storage technologies, engineering services and gas power plants. Around 2,300 employees worldwide realise projects for large industrial companies, energy suppliers, cities and municipalities in numerous countries around the globe. Specialising in tailor-made solutions for demanding challenges, Iqony uses its broad energy industry knowledge across all technologies and services offered.

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Peridot Solar (HoldCo) Limited

17, Hanover Square
London W1S 1BN
United Kingdom

GB 411496412

Peridot Solar Italy S.r.l.

Via Alberico Albricci, 7
20122 Milan
Italy

IT 12315550967

Peridot Solar Italy S.r.l.

Piazza Giovanni Verga, 16
95129 Catania
Italy

IT 12315550967

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We are always looking for talented people to join our dynamic and international team.

Responsibilities

  • Being responsible for the execution of the projects from RTB to NTP until final COD;
  • Manage and coordinate duties related to planning, assist management in issuing requests for pricing, performing competitive reviews, and purchasing or contracting of BOS materials and services;
  • Ensure cost competitiveness, on-time delivery and product quality;
  • Ensure construction projects are completed on time and on budget from start to finish according to schedule, specifications and budget;
  • Prepare project status updates report for management and external stakeholders;
  • Track and report planning (permitting) status and liaise with consultants accordingly;
  • Liaise with the development teams in permitting development, providing construction insight to ensure early identification of risks and identifying and proposing solutions;
  • Report to the Technical Director on all aspects of development and construction of projects;
  • Liaise with sub-contractors and EPC contractors in order to deliver the projects according to the time schedule and budget;
  • Develop project execution plans and related documents tracking and report on monthly KPI’s;
  • Conduct due diligence for solar project opportunities from a technical perspective;
  • Oversee project execution to ensure that all the systems are installed exactly, according to plan and that there are no technical installation errors committed that would decrease system performance or lifespan or cause potential system failure;
  • Liaise with local authorities and local DSO/TSO (IEC) for managing and solving issues in regards of the interconnection to the grid;
  • Develop best practices and tools for project execution and management;
  • Monitor the status of the project to ensure documentation is submitted according to schedule;
  • Review and verify project documents for completeness, format and compliance with contracts;
  • Ensure that all business activities are performed with the highest ethical standards;

Skills

  • BS in Engineering (Electrical, Civil, or Mechanical) preferred;
  • Minimum 5+ years’ experience in the Project Management field;
  • Strong understanding of PV system design, including the proper usage of basic components and conventional installation and interconnection methods;

Languages

  • Native in Italian
  • Good knowledge of English

Responsibilities

  • Ensure project engineering activities comply with company and contract requirements and support overall project schedule
  • Help project team to develop specifications to optimize PV plant design including component selection, module string sizing, layout design, collector routing design, conductor sizing, etc.
  • Provide analysis using GIS software (QGIS), cadastral analyses and spatial database management. 
  • Create PV Plant Layouts for utility-scale solar projects using AutoCAD or PVSyst
  • Carry out energy yields and solar resource assessments
  • Interface with Project Manager and Project Superintendents necessary to review constructability of design with the goal of meeting quality, cost, and schedule commitments.
  • Review preliminary solar plant layouts from contractor for compliance with contractual requirement in regard to shading, drainage, collector losses, long term maintenance and constructability
  • Interface with all the other functions as required in the establishment of project schedules and resolving schedule problems
  • Manage third party consultants assigned to preform design review
  • Represent the engineering department during bid process, project scope development, client meetings and project management meetings

Education / Training:

  • Bachelor’s degree or above in Environmental / Civil / Mechanical Engineering or similar

Competencies:

  • Experience with PVSyst, PVsol, AutoCAD, MATLAB, QGIS
  • Ability to communicate clearly and concisely, both orally and in writing
  • Ability to conduct independent research and analysis
  • Ability to make effective presentations
  • Ability to travel to project sites for monitoring when necessary

Languages:

  • Good knowledge of English

Miscellanea:

  • Possibility to work remotely

Responsibilities

  • Closely work with the Business Development Director and with the project development team to originate and execute pipeline of solar projects across the Italian market,
  • Liaise with public authorities and local governmental entities to complete and finalize the permitting phase of the project’s portfolio;
  • Identify local developers and engage good relationships with them with the aim to finalize co-development agreement and partnerships;
  • Manage legal and technical due diligence process;
  • Manage inputs for economic modelling, including Capex, Opex, yield, grid costs, development costs, contracted revenue, power price, etc;
  • Manage negotiation of existing and new project development agreements with partners;
  • Explore and pursue opportunities to expand pipeline of projects with new partners;
  • Closely follow day to day activities related to the projects originated and support the team through the permitting phase of the pipeline;
  • Work with cross function teams, including legal, finance, engineering, asset management, etc;
  • Ensure partners comply with HSSE and ethics and other required compliance standards;
  • Monitor and report on the performance of opportunities to different internal audiences;
  • Focus on the delivery of top project options in the portfolio;
  • Manage interconnection and permitting process of projects;
  • Ensure proper project management for key projects by assuring that land, grid, permitting, local stakeholders and EPC are delivered on-time and on-budget;
  • Work with engineering team and external advisors to ensure projects meet the technical standards;
  • Work closely with finance advisors to ensure projects meet the company’s economic hurdles;
  • Support EPC manager to get individual projects from NTP and COD.
  • Closes new business deals by coordinating requirements; developing and negotiating contracts; integrating contract requirements with business operations;
  • Compiles advisory reports and make informed recommendations on new investment opportunities that could enhance or diversify portfolios;
  • Monitors closely energy press and keep a track of market trends, opportunities, risks and new investment

Skills

  • Bachelor’s degree in related engineering, law, economics or similar
  • Minimum 4 years’ experience in PV
  • Demonstrated track record of PV plants origination
  • Solid and effective interpersonal and communication skills (including oral, written, and visual)
  • Strong organizational and time management skills; the ability to multi-task and meet deadlines
  • Technical proficiency in Microsoft Office Suite, including Word, Excel, and Microsoft Projects
  • Accuracy and attention to detail.
  • Ability to establish and maintain effective working relationships internally and externally with staff, management, volunteers, clients, suppliers, community partners and external stakeholders
  • Ability to function successfully both independently and within a team

Languages

  • Native in Italian

Good knowledge of English

Responsibilities

  • Working with the Head of Legal Development in day-to-day business for all legal affairs involving our Italian solar project pipeline,
  • Supporting the legal department in respect of project finance, transactional and commercial contracts, employment law, EU legal compliance, environmental, real estate, etc.,
  • Working with the legal team in drafting and structuring SPAs, co-development agreement, EPC contracts, O&M contracts,
  • Supporting in the negotiation and drafting of distribution and supply agreements, sales agreements, share purchase agreements, joint venture agreements, shareholders’ agreements, loan agreements, connection agreements, EPC (including the relevant subcontracting agreements), O&M etc.,
  • Support the Business Development team with land lease contracts execution,
  • Being directly involved in M&A transaction in relation to PV projects pipeline acquisition (from pure greenfield till RTB and NTP projects),
  • Liaising closely with regulators, customers, counterparties and other colleagues

Position Requirements:

  • Minimum 2 years of experience gained as a transactional attorney from top law firm or in-house legal department,
  • Strong academic qualifications including a law degree from a renowned law school or comparable,
  • Excellent communication and interpersonal skills,
  • Strong project management and analytical skills,
  • Demonstrated intercultural and problem-solving skills,
  • Willingness to travel 

Education / Training:

  • Bachelor’s degree or above in Law

Languages:

  • Good knowledge of English

Miscellanea:

Possibility to work remotely