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.
Energy Finance & Investment News in Italy
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).
Etrion Corporation, a solar independent power producer, has announced the signing of a definitive sale and purchase agreement with Ultor S.p.A, a joint venture owned equally by Enel Green Power S.p.A. and Fondo Italiano per le Infrastrutture (F2i).
BPER Banca and MPS Capital Services Banca per le Imprese S.p.A. have provided €16 million (US$17 million) project financing for the construction and management of a portfolio of four hydroelectric plants with the total capacity of circa 7.5 MW.
Glennmont Partners, an infrastructure investment manager dedicated to European clean energy, has completed the financing of one of the largest single wind farms in Italy.
MPS Capital Services and UniCredit have purchased minority stakes in the €60 million (US$66 million) financing granted to Daunia Ascoli S.r.l. as borrower by a syndicate of banks in relation to a 53.5 MW wind farm in Ascoli Satriano, Italy.
Banca Popolare di Milano (BPM), Italy’s second largest co-operative bank, has financed two biogas plants owned by Fri-El Group, an Italian electrical energy producer from renewable sources.
EOS Investment Management (EOS IM) has signed with Intesa Sanpaolo a medium to long-term agreement to finance part of the portfolio of the fund Efesto Energy, managed by EOS IM.