WFW advises UniCredit on Energia Otto refinancing13 May 2019
The financing comprises two medium to long-term credit lines and a debt service reserve (DSR) line
The financing comprises two medium to long-term credit lines and a debt service reserve (DSR) line
The portfolio, located in the Marche and Abruzzo regions, comprises 15 operational plants.
The plants, with a total capacity of 64 MW, are the first project of this size with grid parity in Italy and among the largest power plants in Europe.
Saffron Energy will continue to develop its Italian assets after its re-admission to AIM following completion of the proposed acquisitions.
The plant is owned by an SPV of Fri-El Group, one of Italy’s leading green energy company, active in the Italian wind sector since 2002.
The plant, which is owned by Agritre S.r.l., is one of the largest operational biomass plants currently active in Italy.