Beleolico Srl, part of the Toto Group, reached a final investment decision on the 30MW Beleolico wind farm in the Italian Mediterranean. Located in front of Taranto harbour in the Apulia region, Southern Italy, in water depths of 4 to 18 metres, the Beleolico wind farm will feature ten Senvion 3.0M122 wind turbines.
Italian developer Renexia has reached financial close at its 30MW Taranto nearshore project of the coast of Puglia, southern Italy.
The developer secured €82m in project financing from French corporate investment bank Natixis.
The transaction is the first of its kind in Italy.
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In addition, the project was initially planned to be commissioned by the autumn of 2018.
According to Mott MacDonald, owner engineer on the project, offshore installation is expected to be performed in late 2019, with project takeover expected to be completed in early 2020.
Natixis SA Paris acted as the financing bank and Natixis SA Milan Branch acted as the structuring bank in the financing deal. Beleolico Srl was assisted by BonelliErede in the deal.
