WElink Group Secures Financing for 1.6 GW Energy Storage Portfolio

The BESS portfolio comprises twelve plants across Italy

May 13, 2024

/ Renu
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WElink Group, a developer of PV Solar, Wind, BESS, and hybrid clean energy projects in Europe, secured a €20 million (~$21.57 million) borrowing base facility for a 1.6 GW pre-ready-to-build (RTB) energy storage-systems portfolio in Italy. Kommunalkredit Austria, a specialized infrastructure and energy financing bank, acted as the Mandated Lead Arranger (MLA).

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