PMLaw advised Menapy on the negotiation and signature of PPA (Power Purchase Agreement) and EPC (Engineering Procurement and Construction) contracts.
Ontex [Euronext: ONTEX] and Menapy have announced the agreement for the construction of a large solar installation at the site of its factory in Ortona, Abruzzo region, Italy. The new solar installation will produce 11.6 GWh of electricity per year, equivalent to the yearly consumption of more than 3,500 households.
The solar system was developed and financed by the company Menapy, who also installed Ontex’s solar power in Eeklo, Belgium and Segovia, Spain.
Construction is expected to take around 6 months. Construction is scheduled to end during the first months of 2022, allowing for the production of personal hygiene products with solar power from the spring of 2022.
Ontex is a leading international provider of personal hygiene solutions, with expertise in baby care, feminine care and adult care. Ontex’s innovative products are distributed in more than 110 countries through Ontex brands such as BBTips, BioBaby, Pompom, Bigfral, CanBebe, CanPed, iD and Serenity, as well as leading retailer brands.
Menapy develops, finances and operates on-site corporate solar power solutions using roofs, ground and parking (PV carports). Menapy serves high-consuming multinational companies all over Europe, with offices in Belgium, France, Spain and Italy. As impact investors, the company creates optimized flexibility and quality by staying independent from installers or component manufacturers.
PMLaw advised Menapy with a team led by partner Francesco Pezone (Picture) assisted by Fabio Lorusso.
Law Firms: Pezone Mittone Studio Legale;