www.pfie.com EMEA: Italy – Toto and Santander sign on wind 3
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www.pfie.com EMEA: Italy – Toto and Santander sign on wind 3
3 settembre 2013 www.pfie.com febbraio 2007 EMEA: Italy – Toto and Santander sign on wind 3 September 2013 Toto Group and Santander have closed the equity financing of a 23MW wind park in Ponte Albanito, Apulia. The project has a cost of about €40m. The Santander Group will provide around 70% of the equity through its subsidiary Capital Riesgo Global. Developer Renexia, the renewable arm of construction company Toto, will provide the remaining 30%. Toto is also the EPC contractor of the project. The financing is equity-only, but a debt refinancing could occur after completion. The project is already under construction and production could begin as early as this year. The wind farm will receive feed-in tariffs, which replaced green certificates starting from this year. The Ponte Albanito wind farm is one of the first projects to be funded through the new regime. Legance carried out due diligence on the wind farm and advised the consortium on project, corporate and financing issues. Rassegna stampa