Opdenergy, an independent renewable energy producer, announces that it has signed the financing of its 24 MW project “La Francesca” in Benevento (Italy) for a total of €16.5 million. The project, which is under construction, will sell 100% of its energy on a merchant basis once it completes its construction and begins its operation.
With this new transaction, Opdenergy continues to strengthen its presence in the Italian market, where it has been operating generation plants since 2010 and where it has more than 1 GW of additional projects under development.
This project will generate more than 38 GWh of green energy each year, which is approximately equivalent to the annual consumption of 11,000 households and CO2e emissions savings of 11,000 tonnes per year, according to the latest emission factors published by AIB for the electricity production mix in Italy.
Luis Cid, CEO of Opdenergy, said: “With the financing of this project, we continue to consolidate our presence in the strategic Italian market where we will grow significantly in the coming years thanks to the many projects that we have in advanced stage of development.”
Kobus Partners Asset Finance provided the financing for the project.
Evergreen Legal advised Opdenergy with partner Alberto Campo and counsel Yurena Medina, with partner Marco Lantelme, from Italy´s BSVA acting as co-counsel.
Eversheds Sutherland Spain advised Kobus Partners with partner Teresa Villarroya and lawyers Marta Becker and Eugenia García-Calzada. Eversheds Sutherland Italy advised with partner Daniela Viaggio.
Opdenergy´s in-house Legal team was led by its general counsel Alfonso Álvarez, together with Legal counsel Juan Area Díaz de Atauri and Belén de Egea.
