TXF Originals

BayWa closes 66MW Italian wind portfolio financing

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.


TXF in depth

Van Phong 1: A (super)-critical judgement on Japan
Van Phong 1: A (super)-critical judgement on Japan
Ross Crear
14 May 2019

JBIC has claimed Sumitomo Corporation’s ECA-backed loan to finance the $2.8 billion Van Phong 1 coal-fired power project in Vietnam is its last loan for a ‘dirty’ power scheme using supercritical technology. But is this legacy deal the last such coal power project in the Japanese ECA's pipeline?

US-EXIM’s Recovery: Lessons from Jonah
US-EXIM’s Recovery: Lessons from Jonah
John Schuster
10 May 2019

John Schuster, President at JLS Capital Strategies, takes a look at what a fully authorised US-EXIM could look like going forward. Will it be merged with the newly formed US International Development Finance Corporation (IDFC), or will it re-emerge as a pure ECA?

Turk Exim: Reassembling the Turkish economy
Turk Exim: Reassembling the Turkish economy
Ross Crear
9 May 2019

TXF talks to Banu Erkok, manager at Turk Exim, to find out more about the Turkish ECA’s bid to stimulate the country’s crisis-stricken economy.

TXF in brief

IDBZ launches consultancy EOIs for solar and hydro projects
24 May 2019

The Infrastructure Development Bank of Zimbabwe (IDBZ) has called for expressions of interest (EOIs) from consultancy firms to undertake detailed feas...

KNPC's Dabdaba solar PV project mandates emerge
24 May 2019

State-owned oil company Kuwait National Petroleum Co (KNPC) is expected to mandate banks in Q4 2019 to finance development of the 1.5GW Dabdaba solar ...

EBRD and IFC considering Masrik 1 solar loan
23 May 2019

The EBRD and IFC are considering loans to Fotowatio Renewables Ventures (FRV) for its 55MW Masrik 1 solar project in Armenia.FRV was awarded the $57 m...

Fujairah 3 CCGT RFP launched
23 May 2019

EWEC has launched the request for proposals (RFP) for the 2.4GW Fujairah 3 (F3) CCGT project in the UAE.The pre-qualified bidder line-up includes ACWA...

Lujan de Cuyo power financing nears close
23 May 2019

NYSE-listed independent power producer Central Puerto (CEPU) is expected to reach full financial close by the end of this month on a $56 million 15-ye...