Obton gets funding for 20 MW of solar in Italy

• Denmark-based renewables financier and asset manager Obton A/S today claimed it has actually obtained regarding EUR 22 million (USD 26m) in mezzanine financial debt for a solar portfolio in Italy with a total capability of over 20 MWp.

The 18-month bridge center was supplied by a European financial debt fund. The financial obligation will certainly be made use of by Obton to acquire as well as revamp the solar farms in Italy.

The portfolio includes 17 solar parks, which have been functional because 2011 and also 2012. All of them have long-lasting feed-in tariffs in place, with 10 to 11 years of tariffs remaining on a weighted portfolio basis.

The financial debt center will assist Obton to achieve its objectives for 2021 faster, chief legal officer Mikkel Berthelsen commented.

The company's portfolio in Italy presently has a capacity of over 130 MWp.