UniCredit and Natixis finance the largest photovoltaic park in Italy.
In line with our sustainability strategy, UniCredit has successfully closed €94.5m of financing in favour of Puglia Holding. UniCredit’s share of the financing was 50%, with the bank acting as mandated lead arranger, bookrunner, hedge provider and account bank.
Puglia Holding is 100% controlled by European Energy, a leading vertically-integrated operator in the European renewable power sector, with a cumulated installed capacity more than 1.2 GW.
The financing will help the client consolidate its market-leading position in Italian photovoltaic sector. It provides financing for a 121.4MW greenfield photovoltaic portfolio in Italy, including the country’s largest photovoltaic plant, which supplies more than 150m/kWh of clean electricity each year, with an annual saving of 80,000 tonnes of CO₂.
Alessandro Migliorini, country manager European Energy and CEO of European Energy Italia, said:
"The closing of the financing transaction with two leading players, Natixis and UniCredit, is an important step for us. This agreement is a testament to the technical, design and construction quality of our record photovoltaic plant at Troia in the South of Italy. It ensures that the strategic and planning path continues in the best way for investors and global developers.”
“I wish to thank the entire Danish and Italian team of European Energy who worked on the various planning and financial aspects, the lending banks, and their legal advisor and the technical advisor as well for the assistance provided along the whole process."