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www.pfie.com EMEA: Italy – Toto and Santander sign on wind 3

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www.pfie.com EMEA: Italy – Toto and Santander sign on wind 3
3 settembre 2013
www.pfie.com
febbraio 2007
EMEA: Italy – Toto and Santander sign on wind
3 September 2013
Toto Group and Santander have closed the equity financing of a 23MW wind park in Ponte
Albanito, Apulia. The project has a cost of about €40m. The Santander Group will provide around
70% of the equity through its subsidiary Capital Riesgo Global. Developer Renexia, the renewable
arm of construction company Toto, will provide the remaining 30%. Toto is also the EPC contractor
of the project. The financing is equity-only, but a debt refinancing could occur after completion.
The project is already under construction and production could begin as early as this year. The
wind farm will receive feed-in tariffs, which replaced green certificates starting from this year. The
Ponte Albanito wind farm is one of the first projects to be funded through the new regime.
Legance carried out due diligence on the wind farm and advised the consortium on project,
corporate and financing issues.
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