A significant milestone

News

The Swiss renewable energy group, EnergyMixx, has engaged the London branch of Deutsche Bank to act as sole mandated lead manager and arranger for at least €500m of financing.

The Swiss renewable energy group,

, has engaged the

branch of

to act as sole mandated lead manager and arranger for at least €500m (£388m) of financing.

The non-recourse finance debt will be used to invest in the company’s renewable energy projects in Italy. These will include the production of 105MW of solar photovoltaic and around 200MW of wind energy.

These projects comprise around 50 per cent of existing funds. In the meantime, EnergyMixx has a number of proposed projects that are scheduled to begin in the first quarter of next year and be completed by 2011.

Artur Dela, chairman at Energy Mixx, said: ‘The mandate with Deutsche Bank represents a significant milestone in our company. It marks a crucial step in enabling our transition from a technology acquirer to becoming a leading owner and operator of renewable energy assets.

'With Deutsche Bank’s global capital-raising expertise we look forward to identifying further sources of funding for our project implementation in Italy and beyond.’

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