The project will be connected to the Italian electricity grid in summer 2025. A long-term contract has already been concluded with the Swiss company BKW AG for the sale of the electricity.
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The transaction is a classic construction financing with all the typical security features of project financing. ‘The signing of the project financing with a German bank for the construction of an Italian PV plant underlines the confidence of the banking sector in the excellent work of CCE in Italy,’ say Martin Dürnberger and Jörg Menyesch, the two CEOs of CCE Holding.
CCE solar development pipeline of 2 GW in Italy
‘In this transaction, we were able to rely on strong and experienced partners at Commerzbank, who have now made this project possible,’ adds Thomas Steiner, Director Project Finance at CCE.
Also see: Italy – Econergy with first operational PV projects
The plant in Montalto di Castro is one project in the company's development pipeline of around 2 GW in Italy. The IPP (Independent Power Producer) CCE Holding has a total portfolio of around 6 GW worldwide. (hcn)
