Posted by: Windfair Editors
BayWa r.e Sells Italian Wind Farm
Image: BayWa r.eOfficial Press Release BayWa r.e:
BayWa r.e sells 42 MW Lacedonia wind farm in Italy
BayWa r.e. has sold its stake in the 41.7 MW Lacedonia wind farm in the Campania region of Italy, to developer NISIDA.
BayWa r.e. bought a 65 percent share in the project in 2014, to help realise the wind farm for the family owned developer. BayWa r.e. provided the equity, managed its construction and bankability and has been providing ongoing operation management since completion in December 2015. Speaking of the sale Lorenzo Palombi, Managing Director of BayWa r.e. Italia Srl, said: “One of the most critical aspects of developing any renewable energy project is bringing together the financing. Thanks to our strong financial standing and track record in development and operations, we were able to provide the investment and expertise needed to realise the... ... More: Official Press Release BayWa r.e
