Key Takeaways
- Whysol Renewables Group has secured a €319 million green financing facility through its subsidiary Whysol ION Holding.
- The facility is backed by a pool of six major domestic and international banks and financial institutions, including CDP, BNP Paribas, Crédit Agricole, ING, Intesa Sanpaolo, and UniCredit.
- Funds will support the development of two battery energy storage system (BESS) plants and four agrivoltaic plants across Apulia, Sardinia, and Campania in Southern Italy.
- The combined portfolio has a total capacity of approximately 328 MW.
- The transaction is fully compliant with the Green Loan Principles and will access Italian regulatory incentive schemes including FER X, Energy Release 2.0, and MACSE.
Whysol ION Holding Closes €319M Green Loan for Southern Italy Energy Push
Whysol Renewables Group has announced the closing of a €319 million green financing facility through its subsidiary Whysol ION Holding. The facility has been provided by a pool of leading domestic and international banks and financial institutions, and will fund a portfolio of renewable energy projects across Southern Italy.
The Lending Pool For Whysol
Banks and Roles Involved
The financing pool comprises six institutions. Cassa Depositi e Prestiti (CDP) acted as original lender, structuring mandated lead arranger, and bookrunner. BNP Paribas Italian Branch, Crédit Agricole Corporate & Investment Bank Milan Branch, ING Bank N.V. Milan Branch, Intesa Sanpaolo IMI Corporate & Investment Banking Division, and UniCredit each acted as original lenders, structuring mandated lead arrangers, global coordinators, hedging banks, green loan coordinators, and bookrunners. Intesa Sanpaolo additionally served as facility agent, issuing bank, and depositary bank.
What the Financing Will Fund
Six Projects Across Three Regions
The proceeds will support the development of six energy projects in Southern Italy: two battery energy storage system (BESS) plants and four agrivoltaic plants, located across the regions of Apulia, Sardinia, and Campania. The combined installed capacity of the portfolio is approximately 328 MW.
