WFW advises MEC Energy on sale of 529 MWp solar project portfolio to EDF
The projects are the first solar project development pipeline acquired by EDF in Germany.
The projects are the first solar project development pipeline acquired by EDF in Germany.
Based in Madrid and Bilbao, BBVA is one of the largest financial institutions in the world.
The portfolio comprises six solar PV parks located in Piedmont in northern Italy.
The PV plant is expected to be operational in 2024.
The two plants are estimated to be operational by 2025 and will have a capacity of circa 20.4 MW and 51.2 MW.
The loan will be used to roll-out of the 216 MW portfolio which includes both rooftop and a smaller number of ground mounted plants.
The portfolio comprises three under-development ground-mounted photovoltaic projects to be built in the Tuscany and Sicily regions.
The loan ends on 30 June 2040 and was arranged and structured internally by Encavis.
Tikehau Capital’s Green Assets impact fund will finance a programme under which NovaFrance Energy will install photovoltaic arrays for 5,000 poultry shelters on French farm.
The nine plants currently under construction in Cuenca and Toledo provinces are expected to be operational by end 2022 or early 2023.