IVPC and Eurus Reach Financial Close for Repowering of Fortore Wind Farm in Italy
Rome - 29 May 2026
IVPC Group (“IVPC”), a leading renewable energy company in Italy, and Eurus Energy Group (“Eurus”), a leading Japanese renewable energy company, jointly announced today that they have achieved financial close for the repowering of the Fortore Wind Farm located in the Province of Benevento, Campania region of Italy.
The repowering project will replace the existing 140 wind turbines originally constructed between 1996 and 1999 with 22 state-of-the-art 6.1-MW wind turbines supplied by GE Vernova. Upon completion, the total installed capacity of the repowered wind farm will increase from 84 MW to 134.2 MW. 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 for the project.
The first phase of the repowering project, located in the municipality of Montefalcone di Val Fortore, is expected to commence commercial operation in June. Construction work for the second phase is scheduled to start from June across the municipalities of San Giorgio La Molara, Baselice, Foiano di Val Fortore, San Marco dei Cavoti, and Molinara.
The repowering of the Fortore Wind Farm will contribute to Italy’s energy independence and the decarbonisation of its electricity system by increasing renewable power output while also reducing the environmental impact of the wind farms through a substantial decrease in the number of turbines.
Commenting on the project, Mr. Oreste Vigorito, Chairman of Maluni Srl, the holding company of IVPC Group, stated:
Mr. Hidenori Mitsuoka, Managing Director of Eurus Energy Europe B.V., said:
IVPC Group (“IVPC”), a leading renewable energy company in Italy, and Eurus Energy Group (“Eurus”), a leading Japanese renewable energy company, jointly announced today that they have achieved financial close for the repowering of the Fortore Wind Farm located in the Province of Benevento, Campania region of Italy.
The repowering project will replace the existing 140 wind turbines originally constructed between 1996 and 1999 with 22 state-of-the-art 6.1-MW wind turbines supplied by GE Vernova. Upon completion, the total installed capacity of the repowered wind farm will increase from 84 MW to 134.2 MW. 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 for the project.
The first phase of the repowering project, located in the municipality of Montefalcone di Val Fortore, is expected to commence commercial operation in June. Construction work for the second phase is scheduled to start from June across the municipalities of San Giorgio La Molara, Baselice, Foiano di Val Fortore, San Marco dei Cavoti, and Molinara.
The repowering of the Fortore Wind Farm will contribute to Italy’s energy independence and the decarbonisation of its electricity system by increasing renewable power output while also reducing the environmental impact of the wind farms through a substantial decrease in the number of turbines.
Commenting on the project, Mr. Oreste Vigorito, Chairman of Maluni Srl, the holding company of IVPC Group, stated:
“With the completion of the 134.2 MW Fortore wind farm, IVPC marks another milestone in its contribution to environmental restoration, as it has done with the wind farms built over the last 25 years across seven regions, totalling more than 1.600 MW.”
Mr. Hidenori Mitsuoka, Managing Director of Eurus Energy Europe B.V., said:
“We sincerely thank IVPC Group for their leading role in the development and construction of these repowering projects. We are very pleased to reach this important milestone together and look forward to continuing our successful collaboration to further contribute to Italy’s energy transition.”
BonelliErede acted as legal advisor and Marsh's Italian team as insurance broker to the sponsors. For the lenders, Legance served as legal advisor, PwC as tax advisor, DNV as technical advisor, and Marsh's Dutch team as insurance advisor.