BPM finances two biogas plants owned by Fri-El Group
Banca Popolare di Milano (BPM), Italy’s second largest co-operative bank, has financed two biogas plants owned by Fri-El Group, an Italian electrical energy producer from renewable sources.
The two plants, with an aggregate value of €6 million (US$6.6 million), will provide electrical energy to municipalities of Crevalcore (Emilia-Romagna, NE Italy) and Villacidro (Sardinia) where they are located.
International law firm Watson Farley & Williams (WFW) advised BPM on the project financings.
The WFW Italy team advising BPM was led by finance partner Pierpaolo Mastromarini.
Pierpaolo commented:
“We are delighted to have successfully advised our client on a transaction that confirms that, notwithstanding the complexities of the sector, biogas remains attractive to investors who recognize it as an important strategic asset”.
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