Natixis acted as structuring mandated lead arranger in the refinancing of Tozzi Green’s 52.5 MW wind portfolio
Natixis is pleased to announce the successful completion on December 20th, 2019 of the 67.4 million-euro refinancing of a 52.5 MW wind portfolio for Tozzi Green. Natixis acted as structuring mandated lead arranger, hedging bank and lender for the transaction, while BNL BNP Paribas Group and MPS Capital Services (MPS Group) acted as mandated lead arrangers and hedging banks.
The portfolio comprises three operational wind farms: Cerignola (18 MW) located in Apulia, and Butera and Siculiana (18 MW and 16.5 MW respectively) located in Sicily. The three plants were connected to the grid between June 2017 and February 2019 and have positive operational track records. All plants use well-proven wind turbine generator technology developed by Vestas (Cerignola and Butera) and GE (Siculiana), who also act as O&M (operations and maintenance) operators. BOP (balance of plants i.e. electrical and civil works) construction and O&M activities are performed by Tozzi Green.
Tozzi Green is one of Italy’s leading renewable energy groups and one of the world’s leading players in rural electrification, specialized in solutions, services and projects for the development of plants and the generation of energy from renewable sources, with more than 700 MW of renewable assets developed, constructed and managed over the years and more than 600 MW under management.
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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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