Sinloc, revenue up 13 per cent: from energy to the South, the focus is on local development

In 2025, the Group launched and managed over 225 consultancy projects. This work focused in particular on supporting public bodies, institutional investors and local authorities in the structuring, evaluation and implementation of complex local development projects.

Of particular note is the consolidation of the company’s position in the energy transition and distributed energy, with particular reference to Renewable Energy Communities. During the financial year, Sinloc exceeded 50 planned and operational CERs, many of which were in inland areas, and launched its first management support contracts via a digital platform. This activity forms part of a national context in which renewables continue to play a central role: in 2025, 7.2 GW of new capacity – predominantly solar – was installed, and generation from renewable sources met 41% of the country’s electricity demand;

Advisory and technical assistance services have also been developed to support public and private investment, particularly in the areas of urban regeneration, sustainable mobility, decarbonisation and the development of local infrastructure. This includes: the framework agreement for technical assistance to a national institutional investor, under the InvestEU programme, which in 2025 saw the activation of numerous implementation contracts and the development of analyses aimed, among other things, at the possible activation of financial instruments to support PNRR projects. Furthermore, activities supporting local planning and the development of inland areas have been strengthened, with the continuation of the framework agreement to support the implementation, until 2027, of interventions funded by EU funds in favour of the inland areas of the Friuli Venezia Giulia Region.

The Group’s activities relating to the management and allocation of funds earmarked for regional development have grown further, with results exceeding expectations both in terms of resources committed and the financial returns generated.

In 2025, development continued on the three public funds currently in the investment phase: the Sustainable Tourism Thematic Fund and the Integrated Urban Plans Thematic Fund, co-managed in partnership with the Finint Group, and the JESSICA Sardinia 2 Fund, co-managed with Banco di Sardegna. The total resources of the three funds, amounting to over €300 million, were approximately 85 per cent committed by the end of 2025.

Thanks to the high level of spending capacity demonstrated, the EIB has allocated additional resources of around €20 million to the management team for the Sustainable Tourism and Integrated Urban Plans Funds, of which €15 million is for the Integrated Urban Plans Fund and €4 million for the Sustainable Tourism Fund. To date, over 50 transactions have been finalised, with full disbursement of the funds expected by August 2026. The two funds have developed a highly diversified portfolio of projects across various sectors, including major and complex urban regeneration projects, social, digital and sustainable mobility infrastructure delivered through Public-Private Partnerships, linked to tourist accommodation, energy efficiency improvements in museum facilities, ski lifts and state-owned concessions. Geographically, a significant achievement has been made in developing projects in Southern Italia, accounting for approximately 40 per cent of the total funding, in line with the objectives of the National Recovery and Resilience Plan (PNRR), confirming the Group’s significant contribution to initiating and developing projects across the region.

“In 2025, we launched Sinloc Investimenti SGR, which will serve as the vehicle into which all the Group’s investment activities will be channelled,” says Chief Executive Antonio Rigon. “To date, the Group manages or co-manages around €600 million, invested primarily in the energy transition, local infrastructure and urban regeneration – sectors in which the Sinloc Group has established recognised national leadership over twenty years of activity, with the aim of further developing projects that make a real difference to local communities.”