The 40 MW Desfina wind farm in Greece has been refinanced by the Aquila European Renewables Income Fund (AERIF) which owns an 89% interest in the project.
Desfina is made up of two wind farms with a combined capacity of about 40 MW and a 20-year feed-in premium for 100% of production. It is intended to have a 25-year operating life.
The refinanced bank debt has a principal amount of almost EUR38 million (US$40.15 million), a tenor of nearly 18 years, and is fully amortizing and hedged. The refinancing proceeds will be used to pay off the existing debt and cover transaction charges.
Country updates
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April 22, 2022
Siemens Gamesa to sell South European renewables development assets to SSE
Siemens Gamesa has entered into an agreement with SSE to sell South European renewables development assets for a total cash consideration of EUR580 million (US$626 million). This sale includes a pipe...
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April 21, 2022
Iberdrola starts the construction of the 50.4 MW Askio III wind project in Kastoria
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April 14, 2022
Ellaktor receives approval for the development of 160 MW wind complex in Greece
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March 09, 2022
Hellenic Petroleum closes acquisition of 303 MW solar complex in Macedonia
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