Theia Investments (Italy) 3 srl, a company of the Theia Holdings group, a leading British operator in the production of electricity from renewable sources, has secured a $35.3 million (€32 million) loan from BPER Banca for seven Italian photovoltaic plants, with a total capacity of approximately 17 MW.
Orrick has assisted on the legal side of the project finance team of BPER Banca – Corporate & Investment Banking Division, as arranger and lender bank. Grimaldi has assisted the group Theia Holdings. Mfz assisted Theia group as exclusive financial and model advisor of the operation. Kpmg also acted alongside Theia group as a model auditor. Finally, notary Carlo Munafò took care of the stipulation of the notarial acts.
Read more about Theia Investment and find the most important business news of the day with our companion app, Born2Invest. Don’t waste your time scrolling the internet, download the Born2Invest mobile app for free, and stay on top of the market.
Last July 2021, Theia Investments (Italy) 3 srl had taken over three photovoltaic plants in Apulia for a total of 3 MW
In June it had taken over from a group of entrepreneurs a 3 MW portfolio of photovoltaic greenhouses in Sardinia, while in March it had taken over a 1 MW rooftop photovoltaic plant in Piedmont. In February 2021, the same vehicle had taken over from private individuals a 1 MW photovoltaic plant in Puglia. Also in February 2021, Theia Investments had obtained from Intesa Sanpaolo a loan of about $45 million (€41 million) for 23 photovoltaic plants in Italy.
In 2020, Theia had already purchased 10 photovoltaic plants in Italy. In particular, in November 2020 it had bought four rooftop plants for a total capacity of about 2.47 MW located in Tuscany and Umbria, belonging to a single spv and a 1 MW plant in Umbria. In July, instead, Theia had bought two plants with single-axis trackers, for a total of 1.99 MW peak, always located in Umbria and always through the acquisition of the shares of the SPV that owns them.
Finally, in May, the company bought the three spvs owning as many plants for a total capacity of 2.9 MW in Abruzzo and Puglia, in the municipalities of Penne (Pescara), Seclì (Lecce), and Mola di Bari (Bari) until then managed by the German Clean Power 3 GmbH, a subsidiary of Clean Power Holding/Schoeller Group. In December 2019, instead, Theia had taken over two photovoltaic plants with a total capacity of 1.49 MWp, located in the province of Alessandria and Biella. The seller had been Renergetica, through its subsidiary Zaon. The sale, which took place through the transfer of 100% of Spigno Solar, had been carried out as part of the reorganization of the activities of the Renergetica Group.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Delta Med (White Bridge Investments II) Buys AdriaMed’s Infusion Pumps
Delta Med is also active in the production and distribution in Italy and abroad of medical devices and disposable accessories...
Evenfi Raises +300,000 in 24 Hours in its Equity Crowdfunding Round
EvenFi was founded in Bergamo, Italy in 2018 as Criptalia by Diego Dal Cero and Mattia Rossi, and, launched in...
Are We Heading For a Recession? Forget About It, We Are Already in One
Asset prices are falling and the economy is shrinking at the same time inflation is at a record high. This...
Loans for Your Business and Personal Needs
A popular loan available to folks with bad credit is the payday loan. It may be tempting to apply for...
Total Value of Investments on DeFi Platforms Falls Drastically
At the height of the popularity of Bitcoin and other coins, over $250 billion was invested in cryptocurrencies on DeFi...
Biotech1 week ago
Satellos Bioscience’s Stem Cell Signaling Research Could Turn the Tables on Muscular Dystrophies
Cannabis2 weeks ago
Luxembourg Approves the Self-Cultivation of 4 Cannabis Plants per Household
Crypto2 weeks ago
Solana Price Forecast: SOL Forms a Dead Cat Bounce
Crowdfunding2 weeks ago
Exporo Raises Funds, but the Company Value Decreases Instead of Increasing