ITALY - Foresight signs project financing for 6MW Puglia solar project

WestLB acted as modelling and agent bank and Barclays acted as account bank.

The deal is the third transaction signed by Foresight Solar in as many months and completes the financing of a total 19MW of solar capacity secured by the investor during 2009. Italian EPC contractor Ecoware has been contracted to construct the project, which is expected to benefit from the attractive 20 year conto energia Italian solar feed in tariff.

Foresight's first European Solar Fund was launched in November 2008 and to date has raised more than €40 million. Foresight will be launching a second solar infrastructure fund with a target of €200m later this year.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Southern Europe