Significant References
Albion is intensifying its growth trend through new relevant mandates in all areas where the company is active: here below, a selection of the most significant references is reported.

Update on April 2023
Banks' Documentary Agent in the photovoltaic sector
Albion has been appointed to act as Banks’ Documentary Agent under a PF Loan agreement for an amount of circa € 139 mln for financing several brownfield and greenfield PV parks for the production of renewable energy in the Northern and Central Italy and for an overall capacity of circa 105 MWp.
Modelling advisory in the healthcare sector
Albion provided assistance for the setting up of a PPP proposal (under art. 183, paragraph 15 of the Italian Legislative Decree 50/2016), then awarded, for the design, implementation and management of the national telemedicine platform, Albion assisted the Concessionaire in preparing the updated financial model and the related accompanying report. In this context, Albion has operated taking into account the considerations made by the Public Authority in the proposal evaluation phase.
Modelling advisory in the educational sector
In the context of a concession agreement in PPP, for the construction and management of a canteen for several nursery schools, kindergartens, primary schools and summer services of a municipality in Emilia Romagna region, Albion has assisted the concessionaire in a procedure for the redetermination of the economic and financial conditions, providing the rebalancing financial model (PEF) prodromal to the definition of the procedure and the consequent addendum to the concession agreement.
Modelling advisory in the sports sector
In the context of a concession agreement in PPP, for the construction and management of a sports center located in Emilia Romagna region, Albion has assisted the concessionaire in a procedure for the redetermination of the economic and financial conditions, due to the emergency measures which have particularly affected swimming centers during the COVID-19. Albion first shared the methodological path with the Pubblic Authority and subsequently elaborated the rebalancing financial model (PEF) prodromal to the definition of the procedure and consequent addendum to the concession agreement.
Banks' Documentary Agent in the agrivoltaic sector
Albion is acting as Banks’ Documentary Agent under a PF loan agreement for an amount of circa € 32 mln for financing the construction of one agrivoltaic park in Lazio Region, for an overall capacity of circa 29 MWp.
Banks' Documentary Agent in the photovoltaic and wind power sector
Albion has received a mandate by arranging lenders to act as “Documentary Agent” under a PF loan agreement for an amount of circa € 107 mln for financing the construction of one wind park and two photovoltaic parks in Southern Italy for an overall power capacity of circa 143.4MW.
Modelling advisory in the sports sector
In the context of a concession agreement in PPP, for the construction and management of a sports center located in a municipality in Northern Italy, Albion has assisted the concessionaire in a procedure for the redetermination of the economic and financial conditions, due to the emergency measures which have particularly affected swimming centers during the COVID-19. Albion first shared the methodological path with the Pubblic Authority and subsequently elaborated the rebalancing financial model (PEF) prodromal to the definition of the procedure and consequent addendum to the concession agreement.
PPP advisory in the waste treatment sector
Albion has provided assistance to the Client for the setting up of a PPP proposal (under art. 183, paragraph 15 of the Italian Legislative Decree 50/2016) to a municipality in Norther Italy for the revamping of a waste treatment plant (value of the concession of over € 500.0 mln), supporting the Client throughout the process for the submission of the proposal and preparing in particular the economic and financial plan (PEF) subject to certification and the concession agreement scheme.
PPP proposal in the collective catering sector
Albion provided assistance for the setting up of a PPP proposal (under art. 183, paragraph 15 of the Italian Legislative Decree 50/2016) in the collective (schools) catering sector; Albion has advised the private promoter producing the business plan (value of the concession € 90 mln circa) and the draft concession agreement submitted to a Municipality in the north of Italy.
Multiple role in the photovoltaic sector as Borrower-side Loan agent, financial advisory support and Banks' Documentary Agent
Regarding a portfolio of photovoltaic plants for an overall gross capacity of circa 45 MWp, Albion has provided financial advisory support to the client’s team in the portfolio refinancing with a particular focus on the management of the issues related to exiting lenders. Since the closing of the refinancing Albion is acting as Documentary Agent for the Lenders under a PF loan agreement for an amount of circa € 119 mln.
Financial model advisor in the wind power sector
Albion has received a mandate from a bank in order to act as financial model advisor in a € 13 Mio project financing initiative for the construction of a wind farm for an overall capacity of 12.6 MW in Apulia region.
PPP advisory in the sport sector
In the context of a PPP proposal (under art. 183, paragraph 15 of the Italian Legislative Decree 50/2016) concerning the final and executive design, construction and ordinary and extraordinary maintenance of the grass area of two stadiums in a large municipality in Northern Italy. In particular Albion has assisted the Public Authority analyzing the business and financial plan (PEF) of the Private proponent, the report to the PEF and verifying the consistency of the PEF with the documentation component of the proposal.
Borrower-side loan agency and advisory in wind sector
Albion has provided agency and advisory services on the borrower’s side, with respect to a project finance loan (€ 51 M) related to a wind farm for an installed capacity of 29,75 MW.
Documentary Agent in a PF agreement in wind sector
Albion was mandated by some international banks to undertake the role of “documentary agent” and to subscribed a loan agreement for the refinancing (€ 29 Mio) of various wind parks for an overall installed capacity of about 45,6 MW in South Italy
Borrower-side loan agency in photovoltaic sector
Albion has supported a group of Sponsors in the management of a € 190 Mio project financed & leased photovoltaic plants financing portfolio for an overall capacity of about 45 MW.
Documentary Agent and Financial Model Advisory in the renewables sector
Albion has been mandated by the lending banks to assume the role of “documentary agent” in a € 21 mln PF loan agreement defined to finance a wind project of 20 MW in the South of Italy. Within that context, Albion granted its assistance as financial advisor, producing the project’s financial model.
Modelling advisory in the educational sector
Albion has developed an “evaluation tool” and connected user guidelines, for the use of Arab equity investors needing to run a first evaluation of possible infrastructural investments in the education sector.
Collective catering PPP tender
Albion provided assistance, within the context of a restricted tender procedure, for the setting up of a proposal (construed in compliance with Article 182 of Italian legislative decree 50/2016) in the collective/schools catering sector) to an important Municipality in the North of Italy (value of the concession € 37,8 mln). Albion in particular has developed the business plan and financial model and has reviewed the concession agreement.
Documentary Agent in a PF agreement in the wind sector
Albion has been mandated by two international banks to assume the role of “documentary agent” in a loan agreement on a limited recourse basis, for an amount of € 70 mln, for the refinancing of various wind parks (for an overall installed power of 24 MW circa in the South of Italy).
PPP proposal in the collective catering sector
Following a tender procedure in compliance with article 183 of Italian legislative decree 50/2016, a concession agreement concerning the collective catering sector was awarded to an Italian public company in the North of Italy, advised by Albion; Albion has assisted on all economic and financial aspects, in particular building the financial model, throughout all the phases of the procedure and up to the adjudication of the public tender procedure.
PPP financing due diligence
Albion has advised a primary Italian bank with respect to the financing of a PPP concerning the construction and management of a cemetery in the south of Italy.
PPP venture
Albion has assisted a large Lombardy municipality in evaluating a possible PPP venture related to the requalification of a large urban public park by means of new infrastructural investments.
Survey in the photovoltaic sector
Within the context of a case pending before the European Court of Human Rights, Albion has been instructed by different Clients to act as surveyor, producing financial reports to be submitted to the Court, related to seven photovoltaic parks located in Italy.
Advisory in the water sector
Albion has supported a concessionaire in the renegotiation of some relevant contractual, financial and economic aspects of a concession agreement successively included in an amendment agreement.
Energy efficiency PPP proposal
Following a tender procedure in compliance with article 183 of Italian legislative decree 50/2016, a BOOT concession agreement concerning a cogeneration plant with energy production was awarded to an international private energy company advised by Albion; Albion has assisted on all economic and financial aspects throughout all the phases of the procedure and up to the adjudication of the public tender procedure.
Borrower-side loan agency and Advisory in the renewable energy sector
Albion has acted as Agent, borrower’s side, with respect to a project finance loan (€ 96 M) related to a wind park (98 MW) based in Sardinia. In Albion has provided assistance in the renegotiation of some contractual conditions of the PF loan facilities in order to re-price the deal and optimize shareholders’ financial position.
M&A Advisory
Albion has advised customers on the acquisition of a company producing instrumentation for the measurement, automation and control of industrial processes. Albion analysed the business plan of the “target” company and reviewed, from a financial point of view, the supply contracts with domestic and international counterparts.
Natural gas project finance refinancing
Albion has advised a group of banks on a natural gas project, involving both transport and dispatching phases (project value € 27 mln circa): Albion has elaborated the financial plan with the aim of redefining the possible duration and repayment schedule of the project senior debt.
Project finance in the Hydroelectric sector
Albion has advised a group of banks on a project related to three hydroelectric plants, for an overall capacity of 3,2 MW and an overall value of € 16 mln circa: Albion elaborated the financial model with the aim of redefining the possible duration and repayment schedule of the project senior debt.
Advisory in the water regulatory services
Albion has assisted a concessionaire operating in the water sector with respect to the interpretation and application of the Method elaborated by ARERA (The Italian Regulatory Authority for Energy, Networks and the Environment) for determining and updating applicable fees for the integrated water service.
Project Finance refinancing in the renewables sector
Within the context of the refinancing of some photovoltaic parks, for an overall capacity of 100 MW and an investment value of circa € 280 mln, Albion provided to the lending banks the financial model and coordinated the model auditing procedure.
Documentary agency and financial model advisor in the renewables sector
Albion was nominated by the lending banks documentary agent in a € 32 million PF loan agreement defined to finance a wind project of 22 MW located in the South of Italy. Moreover, within that same context, Albion acted as financial advisor, providing the financial model and coordinating the model auditing procedure.
PPP advisory in the healthcare-social sector
With reference to a PPP proposal, construed in compliance with Article 183 of Italian legislative decree 50/2016, in the local healthcare sector Albion has advised the public site valuating the business plan (value of the concession € 70 mln circa) proposed by a private promoter (a consortium of Italian companies).
PPP proposal in the collective catering sector
Albion provided assistance for the setting up of a PPP proposal (construed in compliance with Article 182 of Italian legislative decree 50/2016) in the collective (schools) catering sector; Albion has advised the private promoter producing the business plan ( value of the concession € 130 mln circa) and the draft concession agreement submitted to a Municipality in the north of Italy.
PPP proposal in the water sector
Albion provided assistance for the setting up of a PPP proposal (construed in compliance with Article 182 of Italian legislative decree 50/2016) in the integrated water sector; Albion has advised the private promoter producing the business plan and the draft concession agreement submitted to the public counterpart (north of Italy).
Framework agreement in the renewables sector
Albion has signed a framework agreement to assist a primary player in the renewables sector, by acting as “borrower-side agent”, with respect to all the financing (project finance, leasing or asset based finance) concerning
wind and photovoltaic parks directly or indirectly owned by the customer (plants overall capacity 460 MW with an overall debt raised with financial institutions of nearly € 400 mln).
wind and photovoltaic parks directly or indirectly owned by the customer (plants overall capacity 460 MW with an overall debt raised with financial institutions of nearly € 400 mln).
Wind farms project financing
In the interest of the borrower Albion acted as financial advisor in the negotiation and structuring of project finance-based facilities, for ventures related to (i) the construction and management of a 16 MW wind park (Basilicata) and (ii) the refinancing of 24 MW wind park (Sardinia).The financing agreements were finalised for an overall amount of nearly € 38 mln.
PPP proposal in the collective catering sector
Albion provided assistance for the setting up of a PPP proposal (construed in compliance with Article 182 of Italian legislative decree 50/2016) in the collective (schools) catering sector; Albion has advised the private promoter producing the business plan (value of the concession € 15 mln circa) and the draft concession agreement submitted to a Municipality in the Molise region. Albion also assisted the Promoter during the public tender procedure.
Project Finance renegotiation in the waste management sector
With respect to a waste treatment project developed in Tuscany and financed on a limited recourse basis (concession value around € 250 mln), Albion – in its capacity as original financial advisor – assisted the customer in the renegotiation of relevant contractual conditions of the original loan agreement such as duration, warranties, project contracts.
Documentary Agent in a PF agreement in the wind sector
Albion has been nominated by the lending banks documentary agent in a € 67 million PF loan agreement defined to finance a wind park of 54 MW circa.
PPP ventures within the framework of an integrated development plan
Albion has been assisted a concessionaire (of an Integrated Intervention Plan) for the implementation of some PPP operations regarding the construction and management of some public works to be realised in accordance with the above mentioned plan.
Debt restructuring agreement
A long term debt restructuring agreement ( amount of the financial debt restructured € 97 mln circa) between a fully owned subsidiary of a large Lombard municipality and banks has been signed with the assistance of Albion as financial advisor to the public side (the agreement was defined in compliance with the provisions of article 67, paragraph 3, let (d) of the Italian R.D. n. 267/1942).
Debt restructuring agency
Albion has been mandated by banks to assume the role of documentary agent in two further debt restructuring agreements (this led to exceeding the amount of 300 million debt managed by Albion as a restructuring agent).
Contacts
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VIA CROCEFISSO, 21
20122 Milano
albion@pec.it