星期五, 18 7 月, 2025
Home PV Companies AES Solar closes project finance for ten power plants in Italy

AES Solar closes project finance for ten power plants in Italy

AES Solar has achieved financial closure of €77m long-term non-recourse financing for its Elpida project located in the Lazio and Sicily regions of Italy.

The company, a joint venture between The AES Corporation and Riverstone Holdings, said the funds were used to refinance the equity advanced during the construction of Elphida, which comprises ten solar photovoltaic power plants which have a total generating capacity of 27MW.

Dexia Crediop was the coordinating bank and facility agent, while DNB Bank (Technical Bank) and ING Bank (Insurance Bank) were the three mandated lead arrangers.

The construction of six power plants totalling 21MW was completed in the second half of 2011, while the remaining four projects went online in February 2012.

AES Solar has an operating portfolio of 232MW in Bulgaria, France, Greece, India, Italy and Spain and 24MW is currently under construction in the US.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...