A joint venture of CCE Group and Enernovum called CCE Solar Invest has secured finance for a portfolio of 14 solar farms totalling 600MW in Italy.
The three-year loan from Kommunalkredit Austria is for projects in the Lazio, Tuscany and Apulia regions.
It has been granted for the purpose of obtaining authorisation and pursuing the relevant authorisation procedures to enable the portfolio projects to reach the ‘ready to build’ status by the second quarter of 2022.
Kommunalkredit is a specialist for infrastructure and energy financing focussed on developing sustainable infrastructure and was advised by law firm Watson Farley & Williams.
The WFW Italy team was led by partner and WFW Italy head Eugenio Tranchino, working closely with partner Mario D’Ovidio and associates Amelia Garavaglia and Daniele Sani on the financing aspects of the transaction.
Partner Tiziana Manenti, senior associates Cristina Betti and Anthony Bellacci and associate Antimo Nersita advised on regulatory matters.
Counsel Luca Sfrecola and associate Francesco Vanzaghi provided corporate expertise and senior associate Alfredo Guacci Esposito on tax advice.
PHH Prochaska Havranek Rechtsanwalte advised Kommunalkredit on matters of Austrian law.
CCE Solar Invest was advised by Dentons.
Wolf Theiss advised the joint venture on Austrian law.