LCF Alliance
Italian independent power producer acquiring and optimizing assets.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €95.0m | Debt | |
| Total Funding | 000k | ||
Founded in 2017, LCF Alliance operates in the Italian renewable energy sector, initially focusing on acquiring, standardizing, and optimizing small-scale solar PV plants. The company, led by Managing Partner Frank Bechmann, has managed the acquisition and enhancement of over 130 MW by employing a factory-style deal sourcing approach. Bechmann has over 15 years of experience in the European renewable sector.
In 2024, LCF Alliance transitioned into an Independent Power Producer (IPP) through a joint venture with a global financial investor. This strategic shift broadens the company's investment scope to include energy generation from various renewable sources, storage solutions, and the potential for green hydrogen conversion, positioning it to manage the entire asset lifecycle. The firm primarily targets subsidized operational solar assets in Italy larger than 1MWp, with a strategy to ensure their continued operation after subsidies expire. As an IPP, LCF Alliance also aims to offer power purchase agreements (PPA) to the retail market.
The company's business model revolves around acquiring solar assets and optimizing them for long-term performance, even in competitive markets with potentially negative electricity prices. This involves revamping and repowering plants to increase their installed capacity. In August 2025, LCF Alliance secured a €95 million project financing loan to refinance a portfolio of 42 PV plants and fund upgrades.
Keywords: Independent Power Producer, solar PV plants, renewable energy, asset optimization, Italy energy market, deal sourcing, plant valuation, energy storage solutions, green hydrogen, electricity trading, power purchase agreement, project financing, revamping, repowering, Frank Bechmann, sustainable energy, energy transition, European IPP