TS Energy Italy S.p.A.

TS Energy Italy S.p.A. is a special-purpose vehicle (SPV) created to consolidate the operations and finances of nine wholly owned subsidiary SPVs, each of which owns a number of solar power installations in the Republic of Italy. Revenue is generated from fixed price incentive contracts with a state-owned entity. The Project sponsor is Talesun Solar Switzerland AG (Talesun Solar or the Sponsor), a subsidiary of Suzhou Talesun Solar Technologies Co. Ltd. (Talesun Technologies). The asset manager is Talesun Energy Solutions S.r.l. (Talesun Energy or the Asset Manager), a subsidiary of the Sponsor. The Issuer is another subsidiary of the Sponsor through a wholly owned Luxembourg subsidiary (TS Energy Europe SA or the Parent). The operation and maintenance (O&M) of the Project has been contracted to Bester Generación (Bester or the Operator). Talesun Technologies supplied the polycrystalline silicon solar panels and provides associated warranties.