WFW advises Blue Elephant on financing of Italian photovoltaic portfolio23 December 2019
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Watson Farley & Williams (“WFW”) advised Blue Elephant Energy AG (“BEE”) on a €38.5m project financing, granted by Bayern LB, to refinance its Italian photovoltaic (PV) portfolio with a total installed capacity of 26 MWp.
The portfolio comprises 5 SPVs that own seven operational PV plants across Italy, including in the Puglia, Lazio, Sicily, Marche and Abruzzo regions.
Hamburg-based BEE acquires and operates renewable energy projects, most notably in the wind and solar sectors where its current portfolio has a combined installed capacity of circa 500 MW. Munich-based Bayern LB is one of Germany’s six publicly regulated Landesbanken and its seventh-largest financial institution.
Eversheds Sutherland London advised Bayern, with a team led by Legal Director Victoria Quek supported by Winnie Ma, Charlie Wright, Christian Prencipe and Krishan Jadav.
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