Solar JV seals 600MW PV money in Italy

• CCE Solar Invest secures loan from Kommunalkredit Austria for 14 projects in Lazio, Tuscany and Apulia

A joint venture of CCE Group and Enernovum called CCE Solar Invest has actually protected financing for a portfolio of 14 solar farms completing 600MW in Italy.

The three-year loan from Kommunalkredit Austria is for projects in the Lazio, Tuscany and Apulia regions.

It has actually been approved for the purpose of getting authorisation and pursuing the pertinent authorisation treatments to make it possible for the portfolio projects to get to the 'ready to construct' status by the second quarter of 2022.

Kommunalkredit is a professional for infrastructure and power funding focussed on developing sustainable facilities and was advised by law practice Watson Farley & Williams.

The WFW Italy group was led by partner and WFW Italy head Eugenio Tranchino, working closely with companion Mario D'Ovidio and connects Amelia Garavaglia and Daniele Sani on the financing elements of the deal.

Partner Tiziana Manenti, senior associates Cristina Betti and Anthony Bellacci and associate Antimo Nersita recommended on regulatory matters.

Advise Luca Sfrecola and associate Francesco Vanzaghi provided corporate knowledge and elderly associate Alfredo Guacci Esposito on tax obligation advice.

PHH Prochaska Havranek Rechtsanwalte suggested Kommunalkredit on matters of Austrian law.

CCE Solar Invest was recommended by Dentons.

Wolf Theiss recommended the joint venture on Austrian law.