NEWS
Meti Corporate Finance acts as sole debt advisor to NetOn in connection with the project financing provided by BNL BNP Paribas to support the development of a new industrial solar self-consumption model in Italy.
BACKGROUND
Founded in 2021, NetOn Power is a renewable energy developer and operator focused on the industrial segment. The Company develops on-site solar PV solutions for industrial customers and manages projects end-to-end, from project identification and design through PPA negotiation, permitting, EPC and O&M procurement, and post-PPA management.
NetOn is backed by Quantum Capital Group through 547 Energy, its specialized green energy and energy transition investment platform. Quantum Capital Group is a Houston-based private equity investor with more than $30 billion AuM.
PROCESS
Meti Corporate Finance acted as sole debt advisor to NetOn, supporting the Company in structuring the transaction and securing the financing.
Meti's activities included: (i) defining the transaction and debt structure, (ii) managing the competitive process, (iii) coordinating the VDR and due diligence, and (iv) supporting the negotiation of the offers received and the related legal documentation.
OUTCOME
The transaction closed in Q2 2026. BNL BNP Paribas provided NetOn with project financing to support the development of 11 C&I self-consumption solar PV plants in Italy, with an aggregate capacity of approximately 30 MW.
The transaction stands out for the innovative nature of the model adopted: renewable energy generated directly at industrial sites will be supplied through on-site PPA agreements. This solution enables companies to reduce their exposure to energy price volatility and provide tangible support for their decarbonization targets.
The transaction showcases the strong Energy expertise of Meti Corporate Finance.