ENCAVIS secures financing to acquire 265 MW Italian solar portfolio
ENCAVIS has secured a €200 million non-bridge financing facility to fund the acquisition of the Italian solar portfolio known as Giotto, with a total capacity of 265 MW. The financing will be used to acquire the portfolio from EDP Renewables Italia. Additionally, the financing for the acquisition has been provided by UniCredit on a non-recourse basis. The portfolio comprises five solar parks located in Italy, with three projects situated in Lazio and two in Puglia.
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