9REN closes financing on 6 MW Italian PV project

The company, owned by First Reserve Corporation, says it has completed a €21.5 million agreement with UniCredit Leasing SpA. The proceeds will now be used to finance the Pacione1 PV power plant, located in Italy’s Apulia region.

The installation has been completed, says 9REN, and should be connected to the grid within the next few weeks.

In total, the company says it has installed 50.6 MW of PV, including 35.6 MW worth of plants in Italy and 15 MW in Spain.