Back to top
Reported by Watson Farley & Williams on 17 January 2019

WFW advises UniCredit on Bel Lavello wind park project financing

(Courtesy of

Watson Farley & Williams (“WFW”) advised UniCredit S.p.A. (“Unicredit”) on the long-term project financing, through its Infrastructure & Power Project Finance division, of the Bel Lavello wind park, located in the southern Italian region of Basilicata. As part of the project, 12 3.3 MW wind turbines (for a total installed capacity of 39.6 MW) manufactured by Denmark’s Vestas Group are to be installed. The park was connected to the grid on 24 December 2018.

Bel Lavello is owned by the Infragreen Fund, which is managed by France’s Rgreen Invest and Belenergia with independent French independent renewable energy provider Langa International as minority stakeholder. Paris-based RGreen Invest is an asset management company regulated by France’s Autorité des marchés financiers (AMF) and specialises in investing in energy transition infrastructure projects. Belenergia is one of Europe’s leading renewable energy providers (including solar, wind and biomass) and the first company to have been granted authorisation for an offshore wind plant in the Mediterranean Sea.

UniCredit is Italy’s largest bank, as well as one of the leading commercial banks in Europe, with a network spanning 17 countries and over 147,000 employees worldwide.

The WFW Italy team advising UniCredit was led by WFW Italy Head and Partner Eugenio Tranchino, working closely with Partner Tiziana Manenti and assisted by Associate Gianluca Di Stefano on the administrative law aspects of the transaction. Partner Mario D’Ovidio, Counsel Luca Sfrecola, and Trainees Andrea Berruto, Laura La Rocca, Bianca Lombardo and Daniele Sani also assisted on the completion of the project financing.

Bel Lavello was represented by DLA Piper on legal matters. Belenergia Group acted as its financial adviser, with Belenergia & Plateforme Finance CEO Jacques Edouard Lévy and Belenergia CFO Fabio Caggiula leading. The technical advisors for the transaction were IA.ING S.r.l. and Fitchner Italia.



Watson Farley & Williams LLP. Press release - WFW advises UniCredit on Bel Lavello wind park project financing. URL: [Date Accessed: 17/01/2019].

Business & Finance

24 Jan | Parkwind and ESB to develop two offshore wind farms at Oriel and Clogherhead

  • Potential generation capacity at Oriel Wind Farm to meet the needs of most of the population in Louth and Meath - 280,000 families
  • Highly complementary partnership between Parkwind, an experienced offshore operator, and ESB, which has significant experience in the delivery of major engineering projects in Ireland

Business & Finance

18 Jan | TEPCO and Ørsted sign MoU to work jointly on offshore wind projects

Tokyo Electric Power Company Holdings, Inc. (TEPCO), the largest power company in Japan, and Ørsted A/S (Ørsted), the world’s leading offshore wind developer, announced today that they have signed a memorandum of understanding to work jointly on offshore wind projects.

Business & Finance

17 Jan | Wavin making waves with offshore wind farm energy supply

Manufacturer cuts CO2 emissions by 13.7 tonnes a year, with renewable energy from Ørsted.

Business & Finance

11 Jan | MHI Vestas to Open US Headquarters in Boston

Marking a new era for MHI Vestas Offshore Wind in the US, the company will establish its base in Boston with recent hire Jason Folsom to lead the company’s ramp-up efforts. The office will focus initially on sales and strategy as it develops a local footprint for projects in the region.