Prothea is pleased to announce that, under its advisory, the Israeli fund, Econergy, has acquired a portfolio of 7 MW of photovoltaic plants from Sorgenia SpA.
The portfolio is comprised of 10 PV plants located in several regions of Italy and includes both ground-based as well as industrial and commercial rooftop plants. A debt facility was provided as a project finance by Mediocredito Italiano.
Alessandro Cohen, director of Prothea's Renewable Energy Division, commented the transaction: "we are pleased to have been able to support Econergy once again in the development of their Italian portfolio. In such a challenging period, the ability to secure financing is confirmation of our strength and of our positioning in the market. Furthermore, it has been an honor and a pleasure to work, as a counterpart, with Sorgenia, one of the leading Italian energy companies".
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