EOS Investment Management refinances solar portfolio in Italy
EOS Investment Management (EOS IM) has signed with Intesa Sanpaolo a medium to long-term agreement to finance part of the portfolio of the fund Efesto Energy, managed by EOS IM.
The fund currently has 24 photovoltaic plants in ten Italian regions, with a total capacity of 27 MW and for a value higher than €65 million.
The financing, which amounts to €40 million (US$44 million), was structured and coordinated by Banca IMI - the investment bank of the Intesa Sanpaolo Group - which acted as Mandated Lead Arranger and Agent Bank.
Obtaining this loan is an important step towards achieving the EOS IM Development Goals. The company aims to improve the efficiency of the current financial structure of the fund.
The current portfolio of Efesto Energy produces a total of about 37 million kWh per year, saving nearly 21 tonnes of CO2 emissions and providing energy to over 13,000 households.
The legal advisors were Studio Fontana Galli & Associati for Banca IMI, and Grimaldi Studio Legale EOS IM.
Allen & Overy Studio Legale Associato and Studio Giussani A.C. acted as tax advisor to EOS IM.
Country news
-
-
October 10, 2016
SUSI Renewable Energy Fund II successfully reaches final closing at €380 million
The SUSI Renewable Energy Fund II (SUSI RE II) has reached final closing at €380 million (US$425.5 million). Read more -
September 06, 2016
FRI-EL Green Power to acquire stake in ALERION Clean Power
FRI-EL Green Power has submit a bid for a 29.9% stake of Alerion Clean Power, a company listed on the Italian Stock Exchange and specialized in the production of electricity from renewable sources, particularly in the wind sector. Read more -
September 05, 2016
Trading Emissions PLC sells PV portfolio in Italy
Trading Emissions PLC has announced the sale of a portion of its Italian solar portfolio. Read more -
August 29, 2016
Tages Helios Fund acquires solar portfolio from First Reserve fund
Tages Capital SGR has announced that Tages Helios Fund has signed an agreement for the acquisition of the Italian solar PV assets of SunReserve from First Reserve Infrastructure. Read more -
August 29, 2016
Quercus supports Italian PV plant
Quercus, through its subsidiary Lux Renewable Holdings SA, has supported the construction of a PV plant in Italia. Read more
