Debt raise underway for Italian wind portfolio 

An Italian developer is raising project finance for a circa 100MW onshore wind portfolio. 

GR Value is understood to have started approaching the lending market in recent weeks regarding the financing of the 76MW and 22MW projects and is currently taking lender pitches. 

It is understood to be looking to close the deal by the summer, and is being advised by Prothea (financial). 

Both schemes secured 20-year tariffs in recent Italian renewables auctions, all of which have resulted in winning rates in the region of EUR 65/MWh – EUR 67/MWh. 

GR Value is likely to look to raise in excess of EUR 100m in project finance from the transaction.