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Blue Elephant Energy refinances 26-MWp solar portfolio in Italy

Hamburg-based Blue Elephant Energy AG secured €38.5 million from Munich-based Bayern LB for the refinancing of a 26-MWp solar photovoltaic portfolio in Italy.

The portfolio consists of seven operational power plants in Puglia, Lazio, Sicily, Marche and Abruzzo regions of Italy, according to a Dec. 23 news release.

Blue Elephant Energy was advised by Watson Farley & Williams on the project financing.