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Banco BPM has granted IVPC Group a EUR17.7 million (US$19.84 million) loan for the development and construction of the 15.2 MW Forenza wind farm project located in Basilicata, Italy.
The project will be constructed in the province of Potenza between the municipalities of Forenza, Palazzo San Gervasio, and Banzi. The facility consists of four 3.8-MW wind turbines supplied by Vestas.
IVPC Power 6 is owned by Holding Maluni Srl, a company active in various businesses, including the production of electricity from wind sources, to which Banco BPM had already provided support during the construction of the Poggio Imperiale (FG) wind farm.
