Green Bond Fact Sheet

Alerion Clean Power

Date: 14/01/2020

Issue date: 19-12-2019 Maturity date: 19-12-2025 Tenor: 6Issuer Name

Alerion Clean PowerSpaAmount Issued

EUR200m/USD223m

Country of riskItaly

CBI Database

Included

Issuer Type1

Non-Financial
Corporate

Bond TypeSr Unsecured

Green Bond Framework

Link to Framework

Second party opinion

DNV GL

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☒ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
Reporting

Impact and allocation reporting on projects financed and refinanced will be available on thecompany’s website on an annual basis up until full allocation of the proceeds.
The allocation report will include:• total amount of investments and expenditures in eligible projects• amount and percentage of new and existing projects (financing and refinancing)• balance of unallocated proceeds• a brief description of the projects financed or refinanced
Impact metrics on the projects will include:• installed renewable energy capacity in MW• expected or actual annual renewable energy generation in MWh or GWh• estimated annual GHG emissions avoided (in tCO2e)
These indicators are subject to availability of information and baseline data. They are basedon methodologies that will be made publicly available.

Company information

Alerion Clean Power Spa is one of the main independent Italian operators specialized in theproduction of renewable energies, focused on wind-generated electricity. Alerion currently
operates 16 wind farms in Italy, Spain and Bulgaria, with a gross capacity of 514 MW, andplans to expand further in Europe. It is listed on the Milan Stock Exchange.

Firsts, records andcertifications
Proceeds description

The projects will finance or refinance the following:•••

new wind power project design, development, manufacture and construction(Europe)acquisition of operating wind power generation projects (Europe)
refinancing of existing wind power generation projects (up to 25% by value of total
green bond project pool, Italy)

The acquisition of operating wind farms includes both the acquisition of operating assets aswell as the acquisition of companies owning authorized and / or operating assets.

Climate Bonds view

Underwriters

Wind power makes up around 6% (2018) of Italy’s energy mix which is the smallest
fraction among renewables. It is great to see an issuer in this space coming to themarket and therefore contribute to a transition to a low-carbon economy, not just in
Italy but across European borders.

Deal comments
Credit Rating
Pricing summary•Coupon: 3.125%

Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign