Deutsche Bank played an instrumental role in making the construction and acquisition possible of two high power photovoltaic solar parks in Italy and Spain through its Asset Finance & Leasing (AFL) business.<\/p>\n
\nIn Canaro, a Northern Italian municipality in the Veneto region, the bank provided financing of \u20ac 83 million for the construction of a photovoltaic solar park. Once
\ncompleted, the project will be sold to investors. The solar
\npark, with a capacity of 48 MWp was installed by S.A.G.
\nSolarstrom and will be connected to the electricity grid by
\nthe end of August 2011. Thus the facility will be covered by
\nthe Conto Energia 3 and Conto Energia 4 regulations, which
\nensure a purchase and price for the electricity generated
\nfor 20 years. With 157,500 polycrystalline solar modules,
\nthe installation will be able to generate 65 million kWh of
\npower and thus provide 14,700 four-person households with
\nrenewable energy.<\/p>\n
In Toledo, in Spain’s Castilla-La Mancha region, Deutsche
\nBank arranged the debt financing of \u20ac 53 million for the
\nacquisition of a photovoltaic solar park. Having commenced
\noperations at the beginning of 2010, the solar power plant
\nwith a peak capacity of 15.3 MW and 72,900 polycrystalline
\nmodules will generate 24 million kWh of electricity
\nannually, enough to provide 5,400 four-person households
\nwith renewable energy. The project is subject to the
\nregulations of the Spanish law RD 1578\/2008, which specifies
\na fixed price for the solar park’s electricity for 25
\nyears. The overall investment for the acquisition of the
\nfacility amounts to \u20ac 77 million. The equity capital was
\ncontributed by KGAL a closed-end fund that has already been
\nissued: InfraClass Energie 5, which will also be the owner
\nof the solar plant.<\/p>\n
Bernd Fislage, Global Head of Asset Finance & Leasing at Deutsche Bank: “We have long-term experience in the development of plants that harness renewable energies. The most recent transactions in Italy and Spain show that in addition to providing long-term project financing to our clients, we can also arrange innovative financial solutions, for example, when it comes to the financing of the construction phase.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Deutsche Bank played an instrumental role in making the construction and acquisition possible of two high power photovoltaic solar parks in Italy and Spain through its Asset Finance & Leasing (AFL) business.<\/p>\n","protected":false},"author":20,"featured_media":20058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1867,1849,1671,1682,1711,1437,1706,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20060"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=20060"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/20058"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=20060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=20060"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=20060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}