Vector Renewables advises as Lenders Technical Advisor on €116 Million Financing for three Tozzi Green Wind Projects in Italy
Vector Renewables is pleased to announce its role as Technical Advisor in the €116 million financing, structured by Natixis Corporate & Investment Banking and BNL BNP Paribas, to support the development of Tozzi Green Group's renewable energy projects in Italy.
The financed portfolio includes three onshore wind projects with a combined capacity of 82 MW. The projects are located in Buseto Palizzolo (Trapani) and Mazzarino (Caltanisetta) in Sicily, with an installed capacity of 19 MW already in operation, and a third project under construction in San Severo (Foggia) in Puglia, which will add a further 63 MW.
Stefano Petrucci, our Country Manager in Italy, has remarked: “The collaboration between Tozzi Green and Vector Renewables has been going on for several years now in all areas of the value chain of renewable plants. In this case, mutual trust, also with Natixis and BNL BNP Paribas in the role of lenders, has been key to the success of the operation. Vector Renewables has contributed to the technical analysis of the projects to give the right technical overview. We count on continuing to support Tozzi Green in all future challenges that the market will propose to us and Natixis and BNL BNP Paribas in new financing operations always more frequent in this phase of the Italian market”.
Project details:
The wind projects use proven generator technology developed by Vestas, which will also be responsible for operations and maintenance (O&M). Tozzi Green carries out the construction and maintenance activities for the electrical and civil works (BOP, balance of plants).
About Tozzi Green:
Tozzi Green is one of the leading Italian groups in the renewable energy sector, currently managing an installed capacity of approximately 177.83 MW and having contributed to the development and construction of more than 700 MW over the years. The family-owned group vertically integrates the entire value chain in development, EPC (engineering, procurement and construction) and O&M for all renewable energy sources (RES).
About Vector Renewables:
Vector Renewables has provided services in over 40 countries, managing a portfolio of over 6.2 GW and providing services on over 205 GW as Technical Advisor and 5 GW as Legal and Financial Advisor. The company has been involved in more than 3,000 projects, establishing itself as one of the leading independent advisors in the global renewable energy sector. Vector Renewables' engineers in Italy have extensive experience in supporting PV plant repowering projects.
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