30 MW offshore wind project in Italy achieves financial close

Renexia reaches financial close for 30 MW Italian offshore wind project in Italy.

Natixis acted as Sole Structuring Bank and Sole Mandated Lead Arranger, Underwriter and Agent Bank for the financing of the first offshore wind farm in the Mediterranean Sea.

The Borrower, Beleolico Srl, is owned by Renexia Spa, the renewable arm of Toto Group.

The approximately €82 million (US$93 million) debt package arranged by Natixis consists of a term loan, a VAT financing and a stand-by facility.