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.
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...
Read moreIberdrola has started the construction of its 50.4 MW Askio III wind farm project located near the city of Kozani, in the Western Macedonia region, Greece. The project is equipped with 12 units of 4....
Read moreSofrano, a unit of Greek construction group Ellaktor SA has received environmental approval for the construction of the 160 MW wind complex in Evia Island, Greece.
Read moreJuwi has completed the development of its 204 MW Kozani solar photovoltaic plant located in the West Macedonia region of Greece. The solar park consists of 18 project sites and includ...
Read moreGreek energy group Hellenic Petroleum (ELPE) has completed the acquisition deal for the 303 MW solar photovoltaic complex located in two separate locations in Meliti, Florina in the region of Mac...
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