9REN Group closes EUR80m funding for 22 MW solar projects in Italy [Italy]
POWERGENWORLDWIDE - 26 July 2010 - 9REN Group, the European renewable energy company owned by global energy investor First Reserve Corporation, completed an EUR80m ($103m) financing deal for 22 MWe solar PV projects in Italy with a syndicate of three banks.
The Unicredit Group and Natixis acted as Initial Mandated Lead Arrangers for the deal with Mediocreval joining as Lender. Unicredit is the Agent of the transaction. Proceeds will be used to finance a portfolio of five photovoltaic parks, currently under construction in Italy, with a total peak capacity of 22 MW.
