News
21 March 2019

BayWa closes 66MW Italian wind portfolio financing

In:
Renewables
Region:
Europe

BayWa r.e. have sealed financing for a 66MW portfolio of wind farms in the Italian regions of Lazio and Campania. The portfolio comprises three projects: the 18MW Arlena and Tessennano wind farms in Lazio and the 48MW Eolica San Lupo wind farm in Campania.

Sole underwriter NordLB is providing a 15-year €100 million ($113.5 million) debt portion which includes some ancillary facilities. However, a second bank is expected to join the deal next week.  With a 20-year feed-in-tariff priced at €66/Mwh, lenders can take comfort from there is a five-year positive tail on the 15-year debt. The margin on the debt is between 150bp-200bp.


You might also like


Perspective
04 July 2025

ECAs dig deep in search for critical mineral financing

Critical mineral supply chains sit at the centre of present geopolitical tensions, from China’s processing monopoly to Ukraine’s untapped deposits. ECAs have been armed with...

Perspective
16 July 2025

EGL2: Subsea connections take time

The Eastern Green Link 2 project will help to upgrade the UK’s electricity highway and provides a viable ECA-backed financial template to spur more green loans in the space....