Osborne Clarke advises ALER Milano in the €200 million+ mixed concession for energy redevelopment and EPC services for a substantial public housing portfolio

Osborne Clarke assisted ALER Milano (Azienda Lombarda di Edilizia Residenziale di Milano) in all phases of the project financing for the award of the energy performance contract (EPC) and for the energy redevelopment of a total of 152 properties intended for public housing, eligible for both the incentives recognised by the GSE and provided for by the so-called Conto Termico 3.0, and the NRRP measure ‘M7 Investment 17 Repower - Regulation (EU) 2023/435 of 27 February 2023’.

In particular, the Firm provided assistance throughout all stages of the initiative: initially in preparing a public notice for the receipt of project financing proposals, then in evaluating a total of 13 proposals received, as well as in the subsequent definition of mixed EPC and PPP contract schemes, and in the legal structuring of the subsequent tender procedures.

Osborne Clarke also advised in relation to the proceedings before the Milan Regional Administrative Court brought by an operator whose proposal was not considered worthy of consideration.

As part of the transaction, worth over €200 million, Osborne Clarke worked with its public law department, coordinated throughout by partner Giorgio Lezzi, assisted, with regard to the preparation of the public notice and assistance for the purposes of preliminary assessment, by senior associate Angelo Maria Quintieri, in relation to the assessment of the public utility of the project proposals and assistance in the preparation of the tender documents, by associate Federico Milani and trainee Francesco Antonio Maria Notti, and in the judicial phase before the Regional Administrative Court by senior associate Sabrina Maiello.