For the construction of the plant, Sinloc and its partners Manutencoop and Siram set up the ISOM Project, a special purpose company to oversee the design, financing, implementation and management of the major redevelopment and energy efficiency improvement project at one of Italy’s largest hospital complexes.
The total investment amounted to € 45 million and supported the construction of the largest hospital trigeneration plant – a mega electricity, heat and refrigeration plant – and the requalification and efficiency improvement of its systems.
The project has significantly boosted system performance, so much so that the hospital’s energy consumption is expected to drop by about 27%, a major saving of public resources. In terms of polluting emissions, atmospheric emissions of CO2 are expected to be down by around 31%. Practically as if over three thousand boilers had been turned off for a year.
This important investment was funded not only from the promoters’ own funds, including Sinloc, but also by structuring and placing the first project bond developed under Italian law. This innovative and complex financial solution was possible thanks in particular to Sinloc’s involvement.
The project was the finance category winner of the 2015 CESEF Energy Efficiency Award, took home the Public Heritage Best Practice Award at the 2017 PA Forum and was selected for its good practices at the Paris World Conference on Climate Change.