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Financing of a 30 MW wind project in Italy   (2010/01/18 08:30 AM)

 

Financing of a 30 MW wind project in Italy

 

Maestrale Green Energy, THEOLIA's Italian subsidiary, announces the closing for the financing of a 30 megawatt (MW) wind project under construction in the province of Enna in Sicily. This non-recourse project financing, to the amount of €51 million, has been signed with the banks Unicredit and WestLB.

The project's construction started during the second half of 2009 and its commissioning is expected during the first half of 2010.

Carlo Durante, CEO of Maestrale Green Energy, said: “As a result of this successful financing and the confidence placed in our high quality skill-set, we will actively continue developing our pipeline in Italy. This project is in line with the Group's strategy of focusing on its core wind markets, of which Italy is a key part in terms of opportunity and attractiveness”.

About THEOLIA

THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany and Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of in the CAC Small 90 index.

 

For more information

Edward F. McDonnell

Director of Investor Relations

Tel: +33 (0)4 42 906 594

[email protected]

 


 

M:Communications

Louise Tingström

+44 (0) 7899 066 995

[email protected]

 

Patrick d'Ancona

+44(0) 2079 202 347 [email protected]


 

 

THEOLIA

French Société Anonyme (public limited company with Board of Directors) with share capital of €39,895,207

Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France

Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.theolia.com

THEOLIA is listed on the compartment B of Euronext Paris, code: TEO


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