Platina refinances 9.5 MW Italian PV park for €37 million

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The 9.5 megawatt (MW) system is located in southern Italy’s Puglia region. This is the second time the two parties have worked together.

Hajo Neugaertner, head of international project finance of Commerzbank’s Renewable Energy business explained that the combination of the project’s "strong" asset structure and Platina’s professional reputation are a good combination for attracting long-term debt committments.

Commenting Riccardo Cirillo, partner at Platina, added: "The difficulties that asset developers and others have experienced in raising funds on the debt markets in recent times have been well documented. We may not have quite returned to the situation we faced in 2008 and 2009, but nonetheless the environment remains extremely challenging."

He added, "That said there will always be an appetite to invest in the right projects and that is as true today as it has ever been."

Platina has 41 MW of operational photovoltaic projects in its portfolio.