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NORD/LB Norddeutsche Landesbank and BayWa r.e. have successfully completed the financing of the Italian onshore wind farm “Serralonga”. The Serralonga wind farm is a joint venture between BayWa r.e. and Nisida and is located in the Campania Region.
Serralonga is currently under construction and is scheduled to achieve commercial operation by the end of Q1, 2022. Once constructed, Serralonga will consist of 11 Vestas V136 turbines and 1 Vestas V117 turbine, totaling an installed capacity of 50.5 MW and will provide renewable electricity to ca. 45,000 house-holds. The total financing volume of this Project is ca. EUR 57m.
Heiko Ludwig, Global Head NORD/LB Structure Finance: “We are very pleased to have been able to support and co-operate with BayWa r.e. providing the financing for Serralonga and supporting the build-out of new renewable energy sources in Italy.”
Alessandra Toschi, Managing Director of BayWa r.e. Italia Srl: “With Serralonga, we carry on our successful relationship with NORD/LB. Renewable energy assets continue to prove very attractive to financiers and we are pleased, together with Nisida, to be helping to drive forward Italy’s renewable energy transition.”
With the closing of the Serralonga transaction, a fruitful long-term cooperation between BayWa r.e. and NORD/LB in Italy and across the globe is successfully continued, having closed several onshore wind transactions together in Italy in recent years.