Renewables

Wind power: IVPC and Eurus unveil the €187 million Fortore plan

Oreste Vigorito’s company based in Benevento and its Japanese partner are carrying out the repowering project: a project supported by Unicredit and Crédit Agricole Italia

by Vera Viola

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

The Fortore project, involving an investment of €187 million, is set to begin: IVPC Group, headed by Oreste Vigorito, former president of Confindustria Benevento and one of Italy’s leading operators in the renewable energy sector, together with Eurus Energy Group, a leading Japanese renewable energy group, will replace the 140 existing wind turbines, built between 1996 and 1999, with 22 GE Vernova 6.1 MW turbines. Once fully operational, the total installed capacity will increase from 84 MW to 134.2 MW.

 

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In practice, part of Italia’s wind power sector, which began almost thirty years ago, is being upgraded with more advanced technologies. The repowering of the Fortore wind farm is one of the most significant examples of the transition from first-generation wind power to new-generation wind power.

 

UniCredit, acting as mandated lead arranger, global coordinator, bookrunner and underwriter, and Crédit Agricole Italia, acting as mandated lead arranger, will provide the debt financing to support the project.

 

The Fortore wind farm is located in the inland area of Campania. The first phase of the repowering project, in the municipality of Montefalcone di Val Fortore, will be operational by June. Work on the second phase will then begin in the municipalities of San Giorgio La Molara, Baselice, Foiano di Val Fortore, San Marco dei Cavoti and Molinara. The project forms part of the IVPC Group’s industrial strategy; over the last 25 years, the group has developed wind farms in seven Italian regions, with a total capacity exceeding 1,600 MW. ‘With the completion of the 134.2 MW Fortore wind farm, IVPC marks another milestone in its journey in renewables. Repowering represents one of the key challenges for the Italian wind sector: it is not merely a matter of installing new capacity, but of renewing infrastructure that was part of the early days of renewables and which can now return to production using more advanced technologies,” emphasises Oreste Vigorito, chairman of Maluni Srl, the holding company of the IVPC Group, honorary president of ANEV (National Wind Energy Association) and president of Benevento Calcio.

 

“The financing of energy infrastructure increasingly hinges on the ability to support investments that impact the country’s productive structure. Fortore is upgrading an existing asset, modernising its technology and increasing its installed capacity. “This project demonstrates that the energy transition is not just a matter of new plants, but also of industrial quality, asset efficiency and the ability to make existing infrastructure more productive,” notes Ferdinando Natali, regional manager at UniCredit. “For Crédit Agricole Italia, the Fortore wind farm repowering project represents an important example of how infrastructure renewal can contribute to the decarbonisation of the Italian energy system and the strengthening of its security,” adds Marco Perocchi, Head of Corporate Banking at Crédit Agricole Italia.

 

 

 

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