ROMA (ITALPRESS) – Sace, Sumitomo Mitsui Banking Corporation (Smbc) and Intesa Sanpaolo (IMI CIB Division) announce a 50-million green loan for Jinko Power Company Limited, a Chinese group company Jinko Power Technology, among the leading international operators in the development, construction and management of energy production plants from renewable sources. The operation is aimed at supporting the investment plan of the group in Italy.
The resources will contribute to the realization in Italy of six photovoltaic and agrivoltaic plants and battery energy storage systems, for a total indicative capacity of over 177 MW and a total investment of about 127 million.
The projects will be developed by Jinko Power Italy, a company controlled by the Chinese group, also through its Italian subsidiaries, in different regions of the country, including Lazio, Basilicata, Puglia, Calabria and Campania. The investment will have an estimated impact on the Italian economy of 32 million added value and 268 units created or preserved, with positive effects on production chains, induced and the affected territories.
Donato Morea, Head of Asia Pacific of Sace, said: “Through our guarantee, we support the development plan of Jinko Power in the field of renewable energies, helping to attract foreign capital and to enhance the skills of the Italian production chain.” For Nicola Doninelli, Head of Distribution Platforms & GTB of the IMI Corporate & Investment Banking Division of Intesa Sanpaolo, “this operation confirms how the ability to relate international capital, specialist skills and strategic vision plays a fundamental role in supporting the economic development of Italy. Thanks to its global network and deep knowledge of the Italian economic and industrial landscape, Intesa Sanpaolo is in an optimal position to accompany complex initiatives and channel investments towards strategic sectors that promote competitiveness and sustainable growth”.
Liu Xiaojun, a member of Jinko Power, stressed that “Italy is a strategic market for Jinko Power’s international activities in the renewable energy sector. This funding supports the development of our project portfolio in Italy and brings together partners with complementary financial and industrial skills. We thank Sace, Smbc and Intesa Sanpaolo for their support.”.
– Press office photos –
(ITALPRESS).
