Norton Rose Fulbright has advised the lenders, including Crédit Agricole, Société Générale, BNP Paribas, UBI, Siemens Bank and ING Bank, on a €280m limited recourse refinancing of a 106 MW Italian solar portfolio owned by Cubico Sustainable Investments (Cubico), one of the world’s leaders in providing renewable energy across the Americas and Europe. The portfolio comprises Italy’s second largest solar park by energy generating capacity, a 43 MW park located in Cellino San Marco, in the province of Brindisi (Apulia Region).

Arturo Sferruzza, head of energy in Milan, commented:

“We are proud to have advised the prestigious pool of banks on this significant energy finance transaction, which underscores the strength of Italy’s renewable energy market in the eyes of investors.”

The Norton Rose Fulbright team was led by Arturo Sferruzza with support from senior associate Elisabetta Negrini and associate Ginevra Biadico.