Info
Info
News Article

AES Solar Closes On €77 Million Project Financing For 27 MW Solar PV Portfolio In Italy


AES Solar, a joint venture between The AES Corporation and Riverstone Holdings LLC, has announced that it closed on €77 million of long-term non-recourse financing for Elpida, a portfolio of ten solar photovoltaic (PV) power plants totalling 27 MW, located in the Lazio and Sicily regions of Italy. The financing facility closed this past May and was used to refinance the equity advanced during construction of the Elpida project.

Three mandated lead arrangers ("MLAs") participated in this financing: Dexia Crediop (Coordinating Bank and Facility Agent), together with DNB Bank (Technical Bank) and ING Bank (Insurance Bank). The facility is structured as a multi-borrower transaction. 

Six of the power plants totalling 21 MW achieved commercial operation during the second half of 2011, while the remaining four PV installations totalling 6 MW completed construction during the first two months of 2012, qualifying them for a 20-year feed-in tariff regulated under the fourth Conto Energia renewable energy tariff structure.
AES Solar currently has a global operating portfolio of 232 MW in Bulgaria, France, Greece, India, Italy and Spain, and has 24 MW under construction in the United States.

BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Greencoat Renewables Announces First Transaction In Nordic Market
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
The Smarter E South America Postponed To October 18-20, 2021
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Leclanché Selected By ENERGODATA To Provide Battery Storage
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Driving Efficiency Through Flexible Solar Power Solutions

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event