UBS Asset Management forms exclusive partnership with Econergy for construction and operation of 1.1GW solar PV and wind pipeline in Italy

The exclusive partnership between UBS Asset Management and Econergy for a 1.1 GW solar PV and wind pipeline in Italy establishes a structured capital deployment mechanism for the global investment manager. UBS Asset Management commits to investing in the pipeline only as individual projects achieve "ready to build" status, effectively de-risking its capital exposure to earlier development phases. This arrangement allows UBS-AM, with its significant infrastructure equity platform, to secure future operational assets in Italy that align with its core and core-plus investment targets for long-term essential infrastructure. For Econergy, a Tel Aviv-based renewable energy developer, this structure provides a clear and committed funding pathway for the construction and operation of a substantial portion of its European pipeline. The 1.1 GW capacity across solar PV and wind projects ensures Econergy can focus on project execution and delivery without immediate construction funding pressures for these Italian assets. UBS Asset Management, as a global investment manager with a platform focused on long-term investments in essential infrastructure, gains a substantial entry into the Italian renewables sector through this 1.1 GW pipeline. This aligns directly with their strategy of targeting core and core-plus assets. For Econergy, an independent power producer with a pipeline of over 16 GW of solar PV and wind projects and 10 GWh of battery storage across Europe, this exclusive partnership provides critical funding to advance a significant portion of its European development efforts. Econergy Renewable Energy, as a developer focused on utility-scale solar, wind, and energy storage projects, secures a reliable capital partner to construct and operate these solar and wind assets in Italy. This collaboration enables Econergy to accelerate its project delivery across Europe and Israel, leveraging UBS-AM's financial backing for its Italian portfolio.