IVPC Power 10 Receives 14.7M financing from Banco BPM for the Aquilonia and Bisaccia Wind Farm

IVPC Power 10, a Campania-based company owned by the holding company Maluni srl ( Vigorito Group ) and part of the IVCP group which deals with the design and construction of plants for the production, transport, transformation and distribution of energy from renewable sources, has received a loan of 14.7 million euros from Banco BPM with which it will support the development and construction costs of the new wind farm in Aquilonia and Bisaccia (Avellino).

The park, which has been active since last April, has installed two Vestas V-126-3.8MW wind turbines and two Vestas V-100-2.2 wind turbines capable of generating a total power of 12 MW.

In the past, Piazza Meda bank had already supported the IVPC Power Group, contributing to the construction of the wind farms of Forenza (Potenza) and Poggio Imperiale (Foggia)

As mentioned, IVPC Power 10 is controlled by the Maluni holding (active in environmental sustainability) which together with Blitz Power owns wind power and electric mobility projects that bet on clean energy.

The holding also holds part of the capital of IVPC, IVPC Power 4, IVPC Power 6, IVPC Power 8 , IVPC Power 9 and IVPC Minipower , all companies that own wind farms and produce electricity from wind sources; in addition to IVPC Service, IVPC Eolica and IVPC 4.0 , service companies engaged not only in the development, management and maintenance of wind power plants, but also in the provision of energy efficiency services.

Created in 1993 from an idea by Oreste Vigorito, one of the pioneers in the renewable energy sector, the IVPC Group has developed wind farms for a total of 1300 MW consisting of 1200 turbines distributed across seven Italian regions. Currently, by virtue of various corporate transactions that have taken place over the years, IVPC holds ownership of 300 MW and manages both the operation and maintenance of wind farms for approximately 500 MW . In 2023, the group had a turnover of 42.6 million , EBITDA was 30.7 million, and net liquidity was 16.06 million.

Vigorito, president and founder of Gruppo IVPC, commented on the financing just obtained: “We are very satisfied with the result obtained . We thank Banco BPM for the support provided today as in the past in favor of an industrial sector in very strong growth , recognized as the only remedy to the solution of the problem related to climate change.”

Giuseppe Boscaino, Head of Corporate Market Center South of Banco BPM, added: “It is a source of pride for us to be able to once again support the IVPC Power group with this important operation, an excellence that has been operating in the area for a long time and with which we have been collaborating for several years now . As Banco BPM we are close to those companies that wish to consolidate a development model focused on innovation and sustainability, essential assets for building a better future.”

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(Featured image by Jonny Clow via Unsplash)

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First published in Be Beez. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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