HSH Nordbank extends solar portfolio in Italy
• Long-term finance for five solar farms in Lombardy and Emilia-Romagna
Hamburg/Kiel, June 21, 2012 - HSH Nordbank has structured long-term finance for five turnkey solar farms in northern Italy.
The Luca Menci I & II portfolios situated in Lombardy and Emilia-Romagna has a total nominal peak output of 10.5 megawatts. The finance for the Berlin-based investor White Owl Capital AG ("WOC") amounts to 32.5 million euros. The project was developed by Gehrlicher Solar AG, one of the largest German developers.
"With the expansion of our portfolio in northern Italy – one of our core markets - we have further enhanced our already good position in the area of renewable energy," said Lars Quandel, Head of Origination Energy of HSH Nordbank. He added that the Bank hopes to continue its close collaboration with White Owl Capital in the future too.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.
Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.