Studio Santi advisor of UniCredit Project Finance for the energy requalification of 16 supermarkets of the Megamark group
The Megamark Group, associated with Selex, is the leader in organized distribution in Southern Italy, with over 500 supermarkets in Puglia, Campania, Calabria, Basilicata and Molise, more than 5,500 employees and a turnover of 1.7 billion euros in 2019 through the brands Famila, Dok, Sole 365, Sunrise and A&O. In 2020 – with UniCredit and with the support of Studio Santi as technical advisor – the Megamark Group launched the MegaFree project, for the redevelopment and energy efficiency of 16 points of sale, with a total investment of approximately 25 million euros in the EPC model (Energy Performance Contract) with financing through third parties (FTT) in banking Project Financing. With the legal advisory of the L&B studio, the multiutility E3E and Megamark are partners in the newco “X Te”, set up for the purpose of carrying out the project, financed by UniCredit and client of the Engineering/Procurement/Construction and Operation & Maintenance services provided by the roman specialized general contractor 3EPC.
The project provides for the improvement of the energy profile of supermarkets using top-of-the-market technologies for the cold chain, air conditioning, lighting, electrical systems and automation and control. The sustainability objective is to halve energy consumption compared to what could be obtained with conventional technologies, corresponding to an overall saving of just under 5 GWh per year, equivalent to an annual saving of over 900 toe of primary energy and a reduction of 2,400 tons of CO2 per year. Megamark is the third bank project financing for energy efficiency in supermarkets. The method was conceived and developed by UniCredit and Studio Santi and thanks to this innovative application of project financing, 23 supermarkets have already been upgraded and over 43 million euros have been invested, which will exceed 60 at the conclusion of the MegaFree project. Innovation is not just technology.
Source: Studio Santi