Natixis acted as mandated lead arranger in the refinancing of Obton’s 14.1 MW PV portfolio
Natixis is pleased to announce the successful completion on May 19th, 2020 of the 48.5 million euro refinancing of a 14.1 MW PV portfolio for Obton A/S. Natixis acted as structuring mandated lead arranger, agent and lender for the transaction.
The portfolio comprises 15 operational PV plants located in Apulia, Marche and Sardinia in Italy. Modules include ground-mounted type (7.7 MW), trackers (4.1 MW) and roof-top (2.3 MW). All the plants are authorized, built and in operation for at least eight years. All the plants are incentivized with a 20-year Conto Energia feed-in tariff scheme and use well-proven PV technology mainly provided by top-tier manufacturers.
Obton is a Danish company active in the solar PV business for more than 10 years. This means that Obton has accumulated unique knowledge about the many processes that belong to development, investment, financing and operation of solar PV systems parks. Obton has completed more than 160 deals resulting in over 700 PV projects, and the experience gained from each project has made us a flexible organization that is capable of implementing a variety of different project types
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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