Ortus Power Resources Italy Reaches Financial Close on €100m Bond Issuance to Fund Solar Projects

Credit: Dulas

Italian renewable energy developer Ortus Power Resources (OPRI), a joint venture between Ortus Mitigation LLC and 's Capenergie 4 fund, has successfully reached financial close for a bond issuance of up to €100 million with I Squared Credit. The funds will be used to the construction of approximately 740MW of solar projects across Italy.

The initial commitment of €46 million, with the option to extend to €100 million, aims to accelerate OPRI's growth, reinforcing its role as a leading independent power producer in Italy's renewable energy sector. The bond will help power up to 400,000 homes once the development is completed.

“The proceeds of this bond will drive the completion of development and construction to power up to 400,000 homes in Italy,” said Guido Cuzzolin, CEO of OPRI. He highlighted the role of the company's workforce, stating, “This achievement is a direct result of the exceptional hard work and unwavering dedication of Ortus' Italian team, whose remarkable efforts continue to deliver outstanding results and exemplify the commitment at the core of our success.”

Cuzzolin also emphasized the importance of the collaboration with I Squared: “In close collaboration with I Squared, we are pleased to achieve this important milestone for our company, a true testament to the strength of our partnership and our shared vision for growth within the renewable energy world.”

Akereos acted as sole bookrunner, structurer, and exclusive debt advisor to OPRI. advice was provided by Gianni & Origoni for OPRI and Norton Rose Fulbright for I Squared.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link