Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
On 26 February 2019, Beleolico Srl, owned by Renexia/Toto Group, reached final investment decision and financial close on the 30 MW Beleolico offshore wind farm off Taranto, securing approximately €82 million in project financing from Natixis, which acted as sole structuring bank, mandated lead arranger, underwriter and agent. The debt package, assisted by EY and BonelliErede, included a term loan, VAT financing and a stand‑by facility and represented the first project financing for an offshore wind farm in Italy and the Mediterranean, enabling construction to proceed.