CCE Group, Enernovum Secure Funds for 600MW Solar Portfolio in Italy

• A joint venture of CCE Group and Enernovum called CCE Solar Invest has safeguarded finance for a portfolio of 14 solar farms completing 600MW in Italy.
• The three-year car loan from Kommunalkredit Austria is for projects in the Lazio, Tuscany and also Apulia areas.

A joint venture of CCE Group and also Enernovum called CCE Solar Invest has actually secured finance for a portfolio of 14 solar farms totalling 600MW in Italy. The three-year finance from Kommunalkredit Austria is for projects in the Lazio, Tuscany and Apulia areas.

It has actually been granted for the purpose of getting authorisation and also seeking the appropriate authorisation treatments to allow the portfolio projects to reach the 'prepared to construct' standing by the 2nd quarter of 2022.

Kommunalkredit is a professional for infrastructure as well as power financing concentrated on developing lasting facilities and was suggested by law office Watson Farley & Williams.

The WFW Italy group was led by partner as well as WFW Italy head Eugenio Tranchino, working very closely with partner Mario D'Ovidio and also connects Amelia Garavaglia as well as Daniele Sani on the funding aspects of the purchase.

Partner Tiziana Manenti, senior affiliates Cristina Betti and also Anthony Bellacci and also associate Antimo Nersita suggested on regulative matters.

Counsel Luca Sfrecola and associate Francesco Vanzaghi gave business experience as well as elderly associate Alfredo Guacci Esposito on tax obligation guidance.

PHH Prochaska Havranek Rechtsanwalte advised Kommunalkredit on matters of Austrian legislation. CCE Solar Invest was recommended by Dentons. Wolf Theiss encouraged the joint venture on Austrian legislation.

Previously this month, Italy's state power monitoring firm Gestore dei Servizi Energetici (GSE) introduced the country's seventh renewable energy tender that is expected to honor 3,312 MW of solar photovoltaic as well as wind capability.

The most up to date contracting procedure includes unallocated capacity in previous six unsubscribed auctions, amounting to 2,485 MW. Proposals will certainly be approved by October 30, 2021, with champions expected to be announced by January 28, 2022.

A total amount of 4,825 MW of ability has been offered for the building of sustainable nuclear power plant, in addition to for the repair of existing wind and also hydropower centers. Some 3,572 MW of the general capacity is booked for wind and solar photovoltaic or pv (PV) projects, of which 3,312 MW will certainly be granted in an auction et cetera in a separate registration. Some 124 MW will certainly be available to hydro projects.