European Investment Bank lends €50m to Italian wind projects
The European Investment Bank (EIB) has lent €150m to Italian natural gas and electricity producer Edison for 165 MW of wind projects. The eight financed projects will form part of E2i Energie's portfolio, a joint venture between Edison and F2i, a private equity firm, bringing the total portfolio to more than 700 MW of capacity. Six projects have already begun construction, with a Puglia project due to start later this year. The loans each have a term of 15 years, being available for two years.
The European Investment Bank (EIB) is lending EUR 150 million (USD 177m) to Italian wind projects with a combined capacity of 165 MW, developed by E2i Energie Speciali.

The bank said today the line of credit, granted to Italian electricity and natural gas producer Edison SpA (BIT:EDN), will finance both new and full refurbishment wind projects in Abruzzo, Basilicata, Campania, Puglia and Sicily. With these, E2i’s portfolio will grow to more than 700 MW.

E2i Energie is a joint venture between Edison and F2i, which is also known as Fondi Italiani per le Infrastrutture SGR SpA. It will use the EIB funds to complete the eight projects, awarded in the 2016 auction by GSE. Six of the projects are already under construction, while work in Puglia is planned to start later in 2017.

The EIB loan may be deployed in multiple tranches, each having a term of 15 years, and will be available for 24 months.

(EUR 1 = USD 1.18)

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