Crossenergy Secures Project Financing from Leading Italian Banks
Deal News | Nov 26, 2024 | PedersoliGattai
PedersoliGattai advised BCC Banca Iccrea, BCC Ravennate Forlivese e Imolese, Credito Cooperativo Romagnolo, Emil Banca, and Riviera Banca in securing project financing for Crossenergy Srl. The financing will support the construction of an 18 MW wind power plant in the Basilicata region. The advisory team was led by partner Nicola Gaglione with assistance from Marco Moscatelli, Angelo Fabris, and Francesco Pasetto, focusing on the drafting and negotiation of finance documents. Administrative law matters were handled by Micaela Tinti and Elena Martignoni.
Sectors
- Renewable Energy
- Banking & Finance
- Legal Services
Geography
- Italy – The transaction involves Italian banks and a project located in Italy, specifically the Basilicata region.
Industry
- Renewable Energy – The article focuses on financing for a wind power plant, which is part of the renewable energy sector.
- Banking & Finance – The involvement of several banks in providing project financing highlights the banking and finance sector.
- Legal Services – PedersoliGattai's advisory role underscores the legal services industry.
Financials
- Not specified – The exact amount of project financing provided is not mentioned.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crossenergy Srl | Target company | Company | A company controlled by AREN Electric Power Group, engaging in the construction of a wind power plant. |
| AREN Electric Power Group | Parent Company | Company | The parent company of Crossenergy Srl. |
| BCC Banca Iccrea | Financing Bank | Company | One of the banks providing project financing. |
| BCC Ravennate Forlivese e Imolese | Financing Bank | Company | One of the banks providing project financing. |
| Credito Cooperativo Romagnolo | Financing Bank | Company | One of the banks providing project financing. |
| Emil Banca | Financing Bank | Company | One of the banks providing project financing. |
| Riviera Banca | Financing Bank | Company | One of the banks providing project financing. |
| PedersoliGattai | Legal Advisor | Company | The law firm advising the banks on the finance documentation and administrative law aspects. |