Italy: €276 million investment agreement for 70 MW PV plant

First Reserve acquired the 70 megawatt (MW) PV power plant from SunEdison LLC in September, which, when completed later this year says the company, is expected to be the largest operating solar power plant in Europe.

The lenders participating with First Reserve on the financing agreement include Banco Santander, Unicredit Corporate Banking, Credit Agricole, Dexia Crediop, Natixis and Societe Generale.

The Rovigo plant was acquired by First Reserve, through the previously announced joint venture established between First Reserve Energy and SunEdison, which is a minority investor in the joint venture. Investment programs managed or advised by Partners Group AG and Perennius Capital Partners SGR are expected to also invest in the project with the First Reserve joint venture.