Spain and Italy are politically stable. However, their main challenge remains climate risk, which they are trying to mitigate through adapted infrastructures and strengthened environmental regulations to protect against natural disasters.

The teams of the two co-developers, Green Enesys and Viridi, possess strong technical expertise and extensive experience in the development and construction of photovoltaic projects of this nature in both countries involved, supported by dedicated local teams. In addition, the project portfolio is in an intermediate stage of development, although grid connection agreements have already been secured for each project. In the event that any project cannot be completed, the developer commits to replacing it with a similar project (in terms of size and development stage) to maintain compliance with the LTV ratio

The developer's objective is to retain these assets long-term, with refinancing planned through bank debt or equity. However, some projects may be sold once they reach "ready-to-build" status, should circumstances require it. The sponsor is already in discussions with potential financial partners to structure this refinancing. Although the primary intention is to hold the assets, a partial sale of the portfolio could be considered if the need arises. In the event of default, Enerfip will be able to enforce the stipulated guarantees, particularly the pledge of shares in the Spanish company that holds the SPVs for the projects in Spain and Italy.