Project Finance | Aug 26, 2011

Long-term project financing for five solar power plants in Italy

Helaba, together with Deutsche Bank and KfW IPEX-Bank, is financing five photovoltaic solar power-plants in Italy. Italy is among the world‘s strongest growth markets in photovoltaic energy. The bank syndicate is providing loan funding a total of EUR 110 million. Helaba is acting in the transaction as Mandated Lead Arranger, Technical Agent and Hedging Bank.

The five new solar power-plants have a total capacity of 30.4 megawatts. Two of the plants are in the centre of Sicily, the other three in the north of the country in the Udine province in the Friaul-Julisch region of Venetia.

The five solar parks produce 47 million kWh of electricity from environmentally-friendly sun energy, sufficient to supply the needs of 10,500 four-person households. All the projects have been supplying current to the power grid since the end of April 2011. They are subject to the regulations on payment for electricity fed into the grid of Conto Energia 2 and Conto Energia 3.


Investment	Financing of 5 photovoltaic solar power- plants for 2 funds of KGAL in Italy
Customer	5 project companies
Type of funding	Long-term project loan
Duration	Long-term financing
Volume	In total, EUR 110 million Of which, Helaba EUR 37 million
Function of Helaba	Mandated Lead Arranger,Technical Agent and Hedging Bank
Division/Department	Structured Finance
Closing/Funding	June 2011

Forward-looking Financing

Complex investment plans entail a major capital commitment well before any cash starts to flow. Helaba creates investment finance structures that are based on future cash flows rather than on your company’s credit rating. We bring to the negotiating table market experts and in-house engineers who speak your language and understand the special features of your sector.

In Frankfurt