Watson Farley & Williams (“WFW”) advised Ringas group (“Ringas”) on a project financing of approximately €70m granted to it for the construction and conversion costs of three biomethane production plants in Lombardy, Italy.
The loan, granted by a syndicate of banks comprising BNL BNP PARIBAS, Crédit Agricole Italia S.p.A. and ING Bank N.V. – Milan Branch, aims primarily to refinance the medium-term bond subscribed in July 2025 by INFRABRIDGE IV, an infrastructure fund managed by RGREEN INVEST, whilst also covering the outstanding costs for the conversion and expansion of the plants.
Located in Formigara and Crotta d’Adda, and Castelnuovo Scrivia, municipalities in the northern provinces of Cremona and Alessandria respectively, the plants will have a total capacity of approximately 2,200 Sm³/h.
Ringas, a portfolio company of the SWEN Impact Fund for Transition 2 managed by SWEN Capital Partners, produces electricity and biomethane from agricultural and farming waste.
The multidisciplinary WFW Italy Energy team that advised Ringas was led by Finance Partner Matteo Trabacchin, supported by Associate Dario Matrecano and Trainee Maddalena Convertini. Public Law Partner Tiziana Manenti, Senior Associate Anthony Bellacci and Associate Marco Iannotti advised on regulatory and administrative matters. Counsel Alfredo Guacci Esposito provided tax expertise.
The lenders were advised by DLA Piper.
