RGreen Group acquires stake in 36 MW Casalduni wind park

RGreen Invest (RGreen Group) has enters subscription of a private placement of secured notes issued by Italian company Renexia Pech S.p.A., which is owned by Renexia. Fund FPCI Infragreen III is among the subscribers.

The non-convertible fixed rate bond, consisting of dematerialised bonds, will provide Renexia with a portion of the equity required to structure the financing at SPV level of the 36 MW Casalduni wind park, located near Benevento in the southern Italian region of Campania.

The bonds, valued at EUR12.5 million (US$14.04 million), are listed on the Vienna Stock Exchange.

The wind park, which wil be financed by other financing entities through a project finance structure, will be the first built in Italy with “market parity”, meaning it will not benefit from any feed-in tariffs provided by Gestore dei Servizi Energetici – GSE S.p.A. (“GSE”), the Italian government body promoting renewable energy and energy efficiency.

RGreen Invest, a French asset management company that is part of the RGreen Group formed in 2010 by Nicolas Rochon, is the first financing platform for green infrastructure, enabling institutional investors to direct their capital towards financing projects relating to energy transition. Through INFRAGREEN and Nouvelles Energies strategies, RGreen Invest offers tailor financing solutions for promoters of renewable energy infrastructure projects throughout Europe.

Watson Farley & Williams advised RGreen in the deal.