Econergy Renewable Energy Ltd. (“Econergy”), a leading European Independent Power Producer (IPP) and developer of renewable energy projects, announced the signing of its first project financing agreement in Italy. UniCredit S.p.A., who acted, inter alia, as Global Coordinator & Bookrunner and Structuring Mandated Lead Arranger, has committed approximately €58 million to support the construction of a 64MW portfolio of 12 solar PV projects across Italy.
This transaction marks Econergy’s