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Norton Rose advises on financing for 12.6 MW solar PV project in Veneto | Norton Rose Fulbright

Norton Rose advises on financing for 12.6 MW solar PV project in Veneto

22 March 2011

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International legal practice Norton Rose Studio Legale has advised Solareolica Seconda S.r.l., a special purpose vehicle fully owned by EDF EN Italia S.p.A. ("EDF Italia"), which belongs to France’s EDF EN Group, on securing a Euro 45.7 million facility for the development of a 12.6 MW solar photovoltaic (PV) project in the Veneto Region. The lenders are Banca Nazionale del Lavoro S.p.A. (facility agent and security agent), BNP Paribas (Milan Branch), Crédit Agricole Corporate and Investment Bank (CACIB, Milan Branch) and Banco Bilbao Vizcaya Argentaria (Milan Branch). A portion of the financing provided by BNPP and CACIB was supported by the European Investment Bank. Lazard acted as financial adviser to EDF EN on the negotiation. EDF EN Italia develops, builds and operates industrial-scale solar PVplants, fully owned or in joint ventures with Italian partners. It is one of the major Italian players in the renewable energy sector.

The Norton Rose Studio Legale team was led by Rome-based partner Stefano Maria Zappalà, who was assisted by associates Armando Nania and Carolina de Vito Piscicelli and, for tax law aspects, associate Francesca Staffieri. Linklaters LLP provided legal advice to the banks with a team led by Tessa Lee (partner) and Alessandra Ortelli (associate).

For further information please contact:

Felicia Kohn, Business development manager (International)

Tel +39 02 8635 941

Elisabetta Saura, Business development manager (International)

Tel +39 02 8635 941

Editors note

Norton Rose Studio Legale is a constituent part of Norton Rose Group, a leading international legal practice offering a full business law service from offices across Europe, the Middle East and Asia Pacific.

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Norton Rose Group comprises Norton Rose LLP, Norton Rose Australia and their respective affiliates.

Leading Canadian law firm Ogilvy Renault, and leading South African law firm Deneys Reitz, will join Norton Rose Group on 1 June 2011. The enlarged Group will have 2500 lawyers in 38 offices worldwide, including Montreal, Ottawa, Toronto, Quebec, Calgary, Johannesburg, Durban and Cape Town.