[Energy]
February 2011 - Astris Wins Mandate with Grupo T-Solar for Italian Solar Project
Astris Finance has been selected by Grupo T-Solar to act as financial advisor for the structuring and the financing of Raggio di Puglia 2 Photovoltaic Project in Italy.
The project consists in a portfolio of 8 small scale solar PV power plants with a cumulated capacity of 7.2 MWp that have been developed and constructed by Grupo T-Solar in Puglia, Southern Italy. Grupo T-Solar has financed the construction of the project on its balance sheet and has now mandated Astris Finance to raise a long term and non-recourse financing package in the Italian project finance market. The total projected investment cost of the project is USD 50 million, with a senior debt of USD 35 million.