Milestone is a boutique international tax practice established in Mayfair, London.

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A tax efficient structure for Italian solar energy projects

The Client

European Investment Fund

The Problem

After the Italian Government announced incentives for sustainable energy investment, our client asked us to help structure a solar energy project to take advantage of the scheme.

The Solution

  • We enabled an efficient level of debt funding with a tax efficient operating and exit strategy.
  • Investors received a two-tier structure that allowed them to choose the character of their investment returns.
  • We managed all this in line with the tightly drafted Italian anti-avoidance provisions governing offshore investments.