Banca IMI as Agent Bank, Mediocredito Italiano S.p.A., UBI Banca S.p.A. and Cassa dei Risparmi di Forlì e della Romagna S.p.A. has providede €60 million (US$ 70,37 million) project financing for a 25.2 MW biomass plant located in Sant’Agata di Puglia Municipality in Foggia, Apulia Region, Italy.
Energy Finance & Investment News in Italy
Glennmont Partners has successfully completed the refinancing of SER portfolio for €190 million (US$ 224 million), comprised of 245 MW of installed capacity. The transaction follows last month’s successful refinancing of Glennmont’s Sleaford biomass plant in the UK worth £150 million.
Prothea acted as financial advisor in the JV agreement between Genera and IKAV to create a leading energy efficiency player in the Italian market
Genera Group Holdings, a group active in the fields of energy efficiency and production, engineering and real estate development, has entered into a strategic Joint Venture with IKAV (Institut für Kapitalanlagen & Versicherungslösungen), a leading global green economy German fund with over €400 million of assets under management.
UK investment fund Basalt Infrastructure Partners II LP has established a new platform to invest in small-scale solar projects in Italy.
ContourGlobal has signed an agreement for the acquisition of a group of companies owning ~20MW of operational solar photovoltaic plants in Italy from ErgyCapital S.p.A.
Terna and the European Investment Bank (EIB) have signed an agreement for a €130 million (US$153 million) loan in support of investments for the public component of the Piedmont-Savoy project, the new 320 kV direct current electricity interconnector that will link Italy and France.
Building Energy 1 Holdings plc (Building Energy), a global, vertically integrated, renewables-focused independent power producer will receive around €70 million (US$81 million) from ZZ Capital International Ltd (ZZCI) and Zhongzhi Capital (ZZC). The investment was structured through the subscription for mandatorily convertible bonds and equity interests.
The European Investment Bank (EIB) board has approved €4.3 billion (~US$5 billlion) in financing for the development of energy projects, including renewables, in Europe and India.
Tages Capital SGR has announced the final closing of Tages Helios Investment Fund with committed capital of €253 million (US$287 million).
Italian wind utility Asja has sold the 30 MW Matera II wind farm to Renvico, a subsidiary of the MEIF4 fund, which is managed by Macquarie Group, with over 2.3 GW of renewable capacity installed in its portfolio.
Falck Renewables Group, through the subsidiary Geopower Sardegna S.r.l., has renegotiated the €168.1 million non-recourse project financing loan facility agreement adding additional €26.9 million, to the total, now reaching €195 million (US$220 million).
Enel Green Power has completed the acquisition of 100% of Amec Foster Wheeler Power from Amec Foster Wheeler Italiana, owner of two wind farms in Italy’s southern region of Campania with a total installed capacity of 54.5 MW.
Tages has announced the third closing of Tages Helios with an additional €55 million (US$60 million) committed to its property alternative investment fund, which focuses exclusively on the Italian photovoltaic sector.
PLT energia S.p.A., an Italian industrial holding company operating in the field of renewable energies market, announces that Simeri Crichi (CZ) wind farm, of 22,55 MW of installed capacity, is operative.
Ardian, the independent private investment company, has announced the acquisition of the remaining stake in TRE Solar (35%) from Tozzi Green.
Building Energy has signed a purchase agreement to acquire 4energia, an independent energy trader founded to buy electric power from small and medium scale plants for energy producers in Italy.
Italy-based Tages Capital, through Tages Helios Fund, and Delos Power, a JV between Tages Capital and Renam has announced the refinancing of the whole portfolio of solar plants acquired from First Reserve.
The African Development Bank (AfDB) has announced it has approved a financing package of US$100 million, comprising US$50 million equity and US$50 million convertible senior loan, to seed the Facility for Energy Inclusion (FEI), a pan-African renewable energy debt fund.
Sonnedix has announced the completion of the non-recourse refinancing of a portfolio of photovoltaic plants in Italy with a total installed capacity of 66.3MW at a total value of €197.1 million.
Mirova, the Natixis Asset Management’s subsidiary, has announced that Mirova Core Infrastructure Fund (MCIF) has completed the acquisition of a majority stake (85%) in the Italian concession company Aton per il Progetto S.r.l. (Aton).