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Incentives linked to the production of renewable energy

Receivables Ministerial Decree 6th July 2012

This product is addressed to high-standing companies desiring to outsource the management and obtain advance payments of the amount for receivables stemming from the incentives governed by the Ministerial Decree of July 6, 2012, provided by the “Gestore dei Servizi Energetici” (GSE) in relation to the electric energy produced by plants powered by non-solar, renewable sources.

UniCredit Factoring acquires this type of receivables claimed by the assignor from GSE, manages them as regards administration and takes care of collection. At the assignor’s request, UniCredit Factoring, usually after receiving report of notification and to the maximum extent of 80% of the relevant amount may, moreover, pre-pay the consideration for the assigned receivables or proceed with their purchase.

In this type of operation, the insolvency risk pertaining to the debtors may remain either with the assignor (With-Recourse transaction) or be charged to UniCredit Factoring (Non-Recourse transaction).