Alerion Hires Parapet for 80MWp Romania-Italy Solar

• Alerion taps Parapet to deliver 80 MWp solar across Romania and Italy, accelerating Southern Europe expansion with EPC build-outs aligned to EU decarbonization—details on sites and PPAs to come.

Alerion Clean Power SpA (BIT:ARN) has hired Romanian renewable contractor Parapet to build seven photovoltaic plants in Romania and Italy with a combined capacity of 80 MWp. The mandate covers cross-border execution as Alerion expands its solar footprint alongside its existing renewables portfolio across Southern Europe.

Financial terms, project locations and commissioning timelines were not disclosed. Parapet will provide engineering, procurement and construction services across the sites. The build-out supports Alerion’s growth strategy and aligns with EU decarbonization goals amid sustained investor interest in utility-scale solar. Details on grid connections, permitting status and power offtake arrangements, including possible PPAs, were not announced.

How will Alerion secure grid access and PPAs for its 80 MWp build-out?

• File interconnection requests early: Italy via Terna/DSO through the Gaudì portal to obtain the Soluzione/Preventivo di Connessione; Romania via Transelectrica/DSOs to secure technical connection approvals and capacity reservations, posting required guarantees.
  
• Prioritize sites near substations with available headroom, using medium‑voltage connections and brownfield or cluster tie‑ins to shorten lead times and reduce reinforcement needs.
  
• Negotiate shared infrastructure (private lines, common substations) with nearby projects to accelerate energization and spread capex for grid upgrades.
  Specify advanced inverters, reactive power/voltage control and accept limited curtailment clauses to meet grid code and ease congestion approvals.
  
• Add co‑located BESS to shift peak output, provide primary/secondary reserve and improve connection studies, unlocking higher export limits.
  
• Co‑fund targeted grid reinforcements with DSOs/TSOs where cost‑benefit is favorable, aligning construction schedules with outage windows.
  
• Use milestone‑based EPC/BoP phasing tied to interconnection delivery dates; include step‑in rights and LC‑backed performance securities.
  
• Lock route‑to‑market agreements early with licensed traders/BRPs to take balancing responsibility and nominate schedules from COD.
  
• Pursue multi‑tranche offtake: corporate sleeved PPAs with creditworthy industrials (5–10 years), utility/banker PPAs (3–7 years), and partial merchant for upside.
  
• Structure PPAs with collars or floor‑and‑share mechanisms, shaping/volume tolerances, and hub‑to‑node basis pass‑through to enhance bankability.
  
• Hedge residual exposure via forward markets (Italy MTE/GME; Romania OPCOM) and seasonal caps during commissioning ramp‑up.
  
• Aggregate Romanian volumes to meet corporate buyers’ load profiles; offer bundled Guarantees of Origin and RE100‑aligned disclosure.
• Prepare for support tenders where available (e.g., two‑sided CfDs/FER auctions) while keeping PPAs as a parallel track to avoid auction timing risk.
• Standardize documentation (EFET‑style or Iberian PPA templates adapted locally), with curtailment/imbalance risk allocation and robust change‑in‑law clauses.
  
• Align PPA start dates with realistic grid energization windows and include COD‑slippage provisions, step‑down pricing, and LD caps to protect downside.