PLT Energia closes financing for Italian wind park

PLT energia S.p.A., an Italian industrial holding company operating in the field of renewable energies market, has announced that Simeri Crichi (CZ) wind farm, of 22,55 MW of installed capacity, is operative.

The company announced the successful signing of the multi–line financing contract for a total of €31.8 million (US$34.7 million) by the owned benefited company Dynamica S.r.l., in relation to the wind farm realization.

The transaction, with a project financing structure, involved a banking pool consisting of Banca Popolare di Bari S.c.p.A., as agent bank, Banca Popolare Di Milano S.p.A. and Banca Popolare di Puglia e Basilicata S.c.p.A..
The banking pool has used a NCTM team – led by the partner Eugenio Siragusa– for legal and tax advice, EOS Consulting S.p.A. as far as the technical and wind due diligence was concerned, AON S.p.A. for the profiles related to the insurance needs and PWC S.p.A. as model auditor.

Pierluigi Tortora, PLT energia CEO, commented:

"Through the commissioning of this plant, the group installed capacity reaches 74 MW. The growth of the group is consolidated and the completion of Tursi and Colobraro wind farm, of 60 MW, will allow us to reach an overall installed capacity equal to 134 MW.

The realization and completion of the plant has been possible thanks to the commitment of our collaborators, suppliers and contractors who worked with high professionalism and dedication. The reliability and expertise of PLT engineering S.r.l. as E&C contractor, of turbines supplier, Senvion, of Siemens in relation to the electrical sub-station, of Terna S.p.A. that has allowed the plant to be connected quickly to its high voltage sub-station, have made this important result possible".

The plant is composed of 11 Senvion MM100​ wind turbines, of about 2 MW each and will produce electric energy for more than 55,2 GWh a year, satisfying the energetic demand of 23 thousand families and avoiding the atmospheric emission of more than 25 thousand tonnes of CO₂ a year.

The overall investment has been equal to about €40 million (US$43.6 million) and it is expected to bring additional yearly revenues of more than €4.7 million (US$5.13 million), with an EBITDA increase of about €3,3 million (US$3.6 million).