SR Investimenti purchases, re-finances 12-MW Italian solar portfolio

• SR Investimenti, backed by Pioneer Point Partners LLP-managed funds, has finished the acquisition and refinancing of a 12-MWp solar photovoltaic or pv (PV) portfolio in Italy.

Funding facilities for a total of EUR 31 million (USD 35m) were given by Intesa SanPaolo, according to Prothea, which served as exclusive monetary expert to SR in connection with this purchase.

The portfolio concerned consists of 12 solar energy plants in Puglia as well as Umbria with feed-in tariffs in place.

Antonio Urbano, CEO of SR, noted that the company is involved greatly in both the procurement as well as refinancing of functional properties, in addition to in the revamping as well as optimisation of properties already consisted of in its portfolio.

"We have actually likewise acquired the permissions for the initial large project in market parity (about 100 MW in total) as well as we remain in advanced phase to begin the construction stage while codeveloping a pipe over of 500 MWp of brand-new capacity of energy scale photovoltaic plants," Urbano included.