Italian financing giant UniCredit Leasing (UCL) has acted as the
sole funder for a major photovoltaic plant, which has now been
connected to the grid.
UCL provided a €38m financing facility to EST Italia Srl to
build a 7.5 MWp solar plant, at Torre Santa Susanna, in the Apulia
region of southern Italy.
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The plant consists of Sanyo panels, mounted on
single-axis solar trackers as part of a bid to maximize energy
production, expected to be in the region of 13m kWh per year, or
enough energy for about 4,000 families.
It is also expected to reduce Italy’s CO2
emissions by almost 7bn tons every year. UCL supported the plant
building with non-recourse financing.
Italian photovoltaic plants supported by UCL
now supply power amounting to a combined 200 MWp. EST Italia Srl is
owned by Liechtenstein-based Green Power Eco Fund.
claire.hack@vrlfinancialnews.com
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