IP Maestrale has an installed wind base of 636MW, all in Italy with the exception of 86MW of German capacity.
Genoa-based ERG acquired an 80% stake in the business in a deal worth €859m ($1.12bn) including debt. It also has an option to buy the remaining 20% from the French energy giant later.
IP Maestrale’s wind farms are “entirely financed through non-recourse project financing granted by a pool of leading Italian and international banks, due to expire in December 2022,” says ERG.
Its
