Ashurst advised a consortium of banks in relation to the project financing of a 3 Mw hydroelectric plant located in the Friuli region, Italy.

The plant is owned by Idroelettrica Slizza S.r.l., a company controlled by AGM Energia. The € 16 miliion financing, which includes a VAT facility, has been arranged by Iccrea BancaImpresa S.p.A., the corporate arm of Iccrea banking group. The lenders included Banca di Carnia e Gemonese - Credito Cooperativo, Mediocredito Trentino-Alto Adige S.p.A. and Cassa Centrale Raiffeisen dell'Alto Adige S.p.A.

Partner Carloandrea Meacci led the team, assisted by senior associate Francesca Brilli and associates Elena Macchi, Giulia Giordani, and Nicola Toscano.

On the technical side of the deal the lenders were advised by BIT S.p.A.