Watson Farley & Williams (WFW) has advised UniCredit S.p.A. (Unicredit) on the long-term project financing, through its Infrastructure & Power Project Finance division, of the Bel Lavello wind park, located in the southern Italian region of Basilicata.
As part of the project, 12 3.3-MW wind turbines (for a total installed capacity of 39.6 MW) manufactured by Denmark’s Vestas Group are to be installed. The park was connected to the grid on 24 December 2018.
Bel Lavello is owned by the Infragreen Fund, which is managed by France’s Rgreen Invest and Belenergia with independent French independent renewable energy provider Langa International as a minority stakeholder.
UniCredit is Italy’s largest bank, as well as one of the leading commercial banks in Europe, with a network spanning 17 countries and over 147,000 employees worldwide.
Bel Lavello was represented by DLA Piper on legal matters. Belenergia Group acted as its financial adviser. The technical advisors for the transaction were IA.ING S.r.l. and Fitchner Italia.
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