AES Solar Energy Ltd., a joint venture between The AES Corp. and RiverstoneHoldings LLC, says that one of its subsidiaries has closed onlong-term project financing of 173 million euros to finance theconstruction of the Cellino San Marco (CSM) project, a 43 MW solarphotovoltaic facility located in the Puglia region of Italy.
Atotal of five banks participated in this financing: Societe Generale,Unicredit Mediocredito Centrale, BNP Paribas, Credit Agricole Corporateand Investment Bank, and Dexia Crediop.
Construction on theproject is under way, and the project is expected to reach commercialoperation by the end of this year, qualifying it for a 20-year regulated feed-in tariff under the Conto Energia scheme. CSM will use First Solar thin-film panels.
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