Peridot Solar – A European Solar Development Company

Peridot Solar is a newly established solar development company that has been founded by a senior management team with over 100 years of combined renewable experience. Peridot Solar has offices in London and Milan, with a team of 30 people focused on development, construction, and operation of solar PV across Europe. Peridot Solar has over 1GW of projects in Italy and the UK and is seeking to develop and build 5GW by 2026. Peridot Solar is a portfolio company of FitzWalter Capital, a global private investment firm. 

Peridot Solar is on track in 2022 to start construction on 120MW of photovoltaic plants in Italy, and 60MWs in the UK. Peridot believes the structural changes to the electricity prices in Europe are a product of the dramatic change in the energy landscape, particularly to gas and carbon prices, and investment in solar is a key part of addressing gas reliance and climate change. 

“The energy sector is experiencing a moment of critical change due to the conflict in Ukraine and the related geopolitical tensions,” says Massimo Sapienza, Managing Director of Peridot Solar. “Solar can reduce energy dependence on Russia in the short-to-medium term as well as generate clean energy. To take advantage of this opportunity and be part of the solution, it is necessary to develop projects across Europe. Peridot Solar has the depth of experience and the capital partner to build one of Europe’s leading solar development companies.” 

“We are excited to partner with the Peridot Solar team at such a pivotal time for the energy transition. Increasing energy bills are a stark reminder that accelerated investment in solar generation is required to reduce dependence on gas and to meet UK and European emission targets,” says Andrew Gray, Partner at FitzWalter Capital.

Background: FitzWalter Capital 

FitzWalter is a global private investment firm, established in 2020. Its 5 partners bring 75 years of aggregate investing experience, primarily working together in Macquarie’s CAF Principal Finance business. It manages over $1bn and has offices in London, New York and Hamburg. FitzWalter invests across a broad spectrum of sectors and asset classes, including corporate businesses, real estate, infrastructure, renewables and other “hard” assets. 

Would you like to work with us?
We are always looking for talented people to join our dynamic and international team.

The role’s primary responsibility is to deliver budget, quality and timely solar projects in the Italian and UK region. This will involve coordination with internal teams. This is a leadership role requiring excellent judgment on challenging situations along with sound commercial acumen and supplier management skills, to support the development of the company’s pipeline. The Technical Director will be expected to positively contribute to the performance, growth and profitability of the region. The position will manage a project execution team involved in the development, delivery and operation & maintenance of utility scale projects, ensuring they are completed to a high quality, safely, on time and within budget.

Key Responsibilities

  • Ensure all projects fulfil the project specific HSSE requirements as well as adhering to company governance.
  • Supporting the development teams in the maturity of the project pipeline to financial close.
  • Ensure the engineering resource assigned to the region are working on the right projects to the right level.
  • Control the accuracy of capex and opex cost models which feed into the project financial models.
  • Lead on EPC & O&M contract negotiations with potential buyers.
  • Development of strong local/regional (EPCM) subcontractor partnerships.
  • Make an impact in constant battle to drive down costs without introducing quality risk.
  • Execute all projects in a safe manner, on time, in budget, and in accordance with the contractual specification.
  • Getting projects quickly to completion (PAC/COD).
  • Delivery of O&M services delivering good KPI performance (profitability, system availability, PR, LDs), protecting any EPC liabilities.
  • Grow the company’s project execution team to meet the needs of the development pipeline as it matures.
  • Travel within the region through the planning and delivery of the project pipeline.
  • Primary escalation points for projects with margin or legal challenges, and for any serious customer complaints.
  • Accountability for construction safety and quality and need to ensure that all projects across the region are following corporate standards.


  • University degree in engineering.
  • Experience in a similar field of managing renewable energy execution projects with a proven track record of delivering renewable / large scale infrastructure projects through construction.
  • Experience managing the construction of HV grid connections.
  • Clear affinity with renewables and ideally relevant working experience in the renewable energy industry in particular the construction processes and environmental assessments of solar, Battery & other renewable energy projects.
  • Strong technical understanding of renewable energy technology with experience of contracts and technical appendices for main technology supply contracts.
  • Strong communication, relationship building and good management skills including organisational ability and a target oriented; demonstrated ability to prioritise.


We are looking for an experienced and enthusiastic Project Developer in the United Kingdom, who will report the Director for UK Project Development & Business.

Key Responsibilities

  • Explore the UK market identifying, generating, and evaluating new solar power project investment opportunities.
  • Develops new business through existing relationships and networking and maintain relationships with key clients and prospective clients.
  • Effectively and professionally manages relationships with external stakeholders, including public entities (state, regional and local), development or JV partners, local communities, advisors, etc..
  • Manage database of potential acquisitions. Conduct review of such database on weekly basis.
  • Ensures economic viability of projects / pipeline opportunities (using the financial model and taking ownership on assumptions).
  • Provide input on suitable acquisition opportunities and present them to his/her supervisor.
  • Build new relationships within the utility, municipality and partners involved allowing the Company to increase the projects portfolio.
  • Drives the advancement of each project opportunity by leading all necessary steps in the process (both internal and external).
  • Research and report state and local regulatory issues relevant to solar power projects.
  • Originate and manage developer relationships for new project opportunities.
  • Keeps himself/herself fully informed on key market developments and industry news/events to quickly identify business opportunities.


  • At least 4 years of experience in project development activities.
  • Proven experience in the Italian PV market.
  • ‘Hunts’ for the most innovative opportunities.
  • Always delivers high-quality outputs, always on time.
  • Communicates clearly, effectively, to-the-point. Understands executive communication.
  • Exceptional coordination and facilitation capabilities, both with internal and external stakeholders.
  • Exceptional analytical skills, both quantitative and qualitative.
  • True team-player, understands the power of team collaboration.
  • Used to work under pressure, meeting tight deadlines in a very demanding environment.

We are looking for an experienced and enthusiastic Business Analyst in Italy who will join the Business Development Team reporting to the Italian Senior Development Manager.

Key Responsibilities

  • Data room management.
  • Project tracking.
  • Support in project development management.
  • Prepare detailed project reports (DPRs).
  • Market research for Solar Energy Industry to analyze the cost and feasibility of the projects.
  • Research and present industry knowledge pieces on various aspects of Solar Energy industry.
  • Prepare Top management and stakeholder presentations.
  • Build and maintain contact with industry experts for insight and data.
  • Work with senior management to ensure seamless set up of projects.


  • Financial Model valuation.
  • Business understanding of Solar Energy Sector.
  • Self-Starter and hard-working person.
  • Ability to learn quickly and work independently with complex, unstructured initiatives.
  • Flexibility and adaptability to work within tight deadlines and changing priorities.
  • Strong communication and interpersonal skills with ability to work effectively in a team environment.
  • Analyst experience preferred.
  • Experience in the Solar Industry.


We are looking for a Senior Asset Manager to manage a portfolio of large-scale Solar PV assets in Europe.
The successful candidate will be involved in the day-to-day management of the operating assets including contract management, asset performance monitoring and portfolio optimisation during the operating phase.

Key Responsibilities

  • Review grid documentation and management of DNOs and ICPs with regards to non-contestable and contestable works, grid connection agreements and grid compliance test until achievement of Final Operational Notice.
  • Coordination, supervision and management of all contractor’s commissioning activities including review and approval of commissioning plan and testing/commissioning procedures and protocols, review and approval of all commissioning results, issuance of respective commissioning completion certificate, review and validation of reliability and PR test.
  • Asset Management of a portfolio of PV plants in UK, under contract and under preparation.
  • Negotiate new O&M contracts from selected contractors, monitoring and influencing all maintenance and operations for the assets.
  • Managing day-to-day operations of the Assets.
  • Manage and monitor compliance in all contracts and activities.
  • Review all SPV contracts for obligations and other contract party respectively, including insurances.
  • Support financial controller with analysis of P&L variance and solar plants budget review.
  • Maximizing total return for each asset through analysis of efficiency as well as identifying opportunities for further improvement while monitoring and controlling financial budgets.
  • Overall management of energy sales and PPA negotiation, arrange and maintain accreditation of sites and eligibility for Feed-In-Tariffs (FIT) and REGO.
  • Accounting: invoices collection sign offs, supervise FIT/REGO and market electricity revenue collection (PPA), contact with DNOs to solve potential discrepancies.
  • Facilitate hand-off from project management to operational management.
  • Responsible for the overall procurement process, from RFP to Contract signature.
  • Continuously in contact with the main solar PV equipment suppliers and provide regular costs and technology updates to EPC team for submission of EPC/BOP proposal for third party Customers.
  • Provide accurate cost estimation (cost-sheets) and vendors evaluation (scorecards).
  • Draft of PO and ensure vendors comply with terms and conditions.


  • Degree in an Engineering discipline
  • Strong experience in the Solar PV industry: negotiating and managing EPC and O&M contracts.
  • Strong stakeholder management experience.
  • Experience working as part of a team and independently.
  • A deep understanding of the economic drivers of the renewable energy industry.
  • Strong management skills and analytical experience.
  • High organizations skills and capacity of managing multiple short and long lead time workstreams in parallel.
  • Acute attention to details.
  • Clear communication (written and verbal) in Italian and English with ability to build relationships quickly and influence with reason.
  • Able to analyse and evaluate asset performance.
  • Experience in infrastructure investment management or asset management (could be from a corporate role, rather than a fund management role) would be beneficial.