Under the agreement, EIB will make EUR200 million available, primarily for small and medium-scale projects costing up to EUR50 million. The EIB will cover up to 50% of capital expenditures, meaning projects worth roughly EUR400 million could be financed. "Typically, there might be a portion of equity of about 20%, with the EIB covering 40-50% and Centrobanca covering the remainder with a project financing loan," says Francesco Mascolo, head of communications at Centrobanca. The Italian bank will be responsible for identifying and appraising projects, which will be submitted to the EIB for approval. Centrobanca has helped to finance several important wind developments in Italy, acting as lead arranger on project financing loans provided to local developers, including Fortore Energia, Inergia, Erg Renew and Moncada Energy Group, as well as EDF Energies Nouvelles, the renewable energy arm of French utility EDF.
Leading business intelligence for the wind community.
- In-depth news, analysis, market insight and trends.
- Join today and get your first 30 days free
A renewables developer is teaming with offshore engineers and contractors on innovative green hydrogen solution
Vestas’ North American president Eduardo Medina is to replace Ivor Catto as RES chief executive from 1 November
Danish utility looks to onshore wind business to develop renewable hydrogen platform with new agreement
Renewables producer EDPR has signed a contract to sell output from a planned new wind farm in Canada to TransCanada Energy
Finnish-Russian joint venture takes lion share of wind power capacity on offer, to be commissioned by 2025-27
US offshore wind pioneers agree to restructure JV ahead of starting construction at their flagship Vineyard 1 project
The country’s latest wind-only tender sees more bidders offering lower prices, with the full 1.2GW volume being allocated
South American country launches tender as part of plans to add 1GW of renewables capacity by the middle of the decade
German food retailer Rewe Group signs ten-year power purchase agreement for 100MW of power from offshore wind farm
Manufacturer says introduction of new products and integration of onshore and offshore businesses are behind closures
A recent Windpower Monthly webinar, produced in partnership with Vestas, discussed why the industry needs to converge to deliver greater accuracy in energy production analysis for wind projects
Siemens Gamesa’s Morten Vindbjerg discusses how advances in imaging technology, artificial intelligence (AI) and big data are being harnessed to optimise the maintenance of blades
Read on for tips and analysis shared by environmental, energy and offshore experts during an Windpower Monthly-ENDS Report roundtable discussion
Pegasus & WBD
Does the key to cutting O&M costs lie in improving the efficiency of technicians and the use of digital technologies? Read this Windpower Monthly & LexX Technologies Report to find out...