Sens Iqony Energy Solutions Obtains €19.5M Loans from Bpce Lease

Germany-based Sens Iqony Energy Solutions, a service provider in renewable energy with subsidiaries in five European countries, has obtained two loans on a project finance basis from Bpce Lease sa. They are spread over several long-term credit lines, totaling €19.5 million. The financing will facilitate the construction of three photovoltaic plants in Emilia-Romagna and Piedmont, with a total capacity of about 20 mw. Advisors for the transaction were DWF and CBA, who advised BPCE Lease and Sens, respectively.

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SENS Iqony Energy Solutions specializes in the development and construction of large-scale turnkey solar parks, as well as complete energy solutions for industrial applications

The company, based in Würzburg, Germany, also offers individual energy consulting services through its energy monitor energy management software. Iqony Solar Energy Solutions (Italy) srl (formerly Gildemeister energy services Italia) is the Italian subsidiary of the group, which, in addition to Germany, also has subsidiaries in Portugal, Spain, and the United Kingdom. Founded in 2009, the company is headquartered in Milan and has 3 other offices and 14 service points in the territory, one of the largest of which is in Lecce. The Italian division consists of 50 people involved in project development, construction, maintenance, and operational management of photovoltaic systems (ground and rooftop projects). In Italy, Sens has four solar farms in Ginosa (Ta), 6.5 Mwp; Caputo Alessandro (Ta), 1 Mwp; San Cassiano (Le), 1 Mwp; and Carlino (Ud), 21.6 Mwp.

Sens has already acted in Italy in the past. In December 2019, the company acquired a pipeline of nearly 500 MW for the development of photovoltaic projects in Sicily, together with German asset manager KGAL Investment Management. The plants have the capacity to meet the electricity needs of more than 250,000 households, with energy produced without emitting carbon dioxide.

Bpce Lease (formerly Natixis Lease), on the other hand, is a major French leasing operator. Bpce Lease Italia, founded in Milan in 2005, is the group’s Italian branch and caters to a customer base of retail, corporate, and professional companies. The French group has also previously operated in Italy in the renewables sector. Last March, in fact, Bpce Lease participated in the disbursement of a loan of about 190 million euros to AE Sun Capital, in a pool with Intesa Sanpaolo, Ing, and Natixis Cib. The company was formed following the acquisition by Equitix, a British asset manager specializing in infrastructure, of a 60 percent stake in a newco to which the Acea Group (RomaCapitale’s multi-utility) had contributed the photovoltaic plants already in operation or being connected to the grid in Italy.

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