W.E.B’s Italian Ariano and Apricena Wind Farms, Financed by NORD/LB, Enter Operation

NORD/LB, the energy transition bank of choice, and W.E.B Group, a leading energy transition company, have announced that the Ariano (84MW) and Apricena (12MW) wind farms in Italy have both officially entered operation. 

NORD/LB provided W.E.B Group with a €113m financing package to develop the two facilities, with the Export and Investment Fund of Denmark providing ECA cover for the Ariano financing.  

Ariano consists of 20 Vestas V150-4.2 MW wind turbines, while Apricena comprises 4 Vestas V105-3.0 MW wind turbines. Both farms are located in southern Italy, with the electricity generated to be purchased by Terna – Italy’s national grid – powering over 60,000 households.  

“At NORD/LB, we’re committed to financing complex and pioneering projects that accelerate Europe’s renewable energy transition”, said Pedro Capote Martín, Senior Director at NORD/LB. “The Ariano and Apricena wind farms will continue to help Italy – and Europe more broadly – to reach their ambitious net zero targets. We are thrilled to support W.E.B Group in furthering Italy’s decarbonisation programme.” 

“NORD/LB’s deep knowledge and expertise in financing renewable energy projects have been essential in the development of the Ariano and Apricena wind farms,” said Reinhard Kainz, Country Manager Italy at W.E.B Group. “From the outset, they provided us with tailored advice and created a bespoke financing package that not only ensured the smooth development of the wind farms, but also secures their long-term future. We are also thankful for the support of the Export and Investment Fund of Denmark to this transaction.” 

Italy has set ambitious renewable energy targets under the National Energy and Climate Plan (NECP), aiming for renewables to make up 30% of its total energy consumption by 2030 and 100% by 2050. The Ariano and Apricena wind farms will play their part in helping to meet these targets and accelerate Italy’s renewable energy transition.   

NORD/LB Norddeutsche Landesbank | https://www.nordlb.com/

W.E.B Group | https://www.web.energy/en/