Osborne Clarke advises ALER Milano on energy efficiency works valued at over 800 million euro

Written on 11 December 2020

Osborne Clarke advised ALER Milano, Azienda Lombarda per l’Edilizia Residenziale, a public body and owner and manager of a stock of public housing composed of 70,057 residential units, throughout the Municipality of Milan (42,245 units) and the province of Milan (27,812 units), on a series of separate key works aimed at the improvement of energy efficiency at its properties and plant. The works, the total value of which amounts to more than 800 million euro, also made recourse to the Government’s recent  ecobonus scheme.

Osborne Clarke advised on all the tender procedure documentation in relation to the various contracts to be awarded for the works on the properties and plant owned by ALER Milano, and on the structuring of the procedure for the identification of the banks to which part of the tax credits deriving from the energy efficiency works will be assigned.

The team also advised on the memorandum of understanding to be signed with the various trade associations involved in the initiative, aimed at a more effective promotion of the works.