UniCredit Leasing plans on financing its first renewable energy
project in southeast Europe, according to a senior manager.
“We are about to close financings for two wind farms in
Bulgaria, and we are quite confident that we will also close one or
two projects this year in Romania,” Martin Mayr, UniCredit
Leasing’s Bulgarian real estate and renewables product manager,
told See News.
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Mayr added that the size of each of the projects was between €10
million and €100 million.
“We have financed a lot [of renewable energy projects] in
Germany, Italy and Austria in the past and we have a project to
extend these financings to all eastern European countries – we
kicked off in November 2008,” he said.
According to Mayr, UniCredit Leasing is looking to support
projects of at least €2 million each, mainly in the wind and
photovoltaic sectors.
The economic turmoil has led to less investment in cars,
machinery and real estate; so UniCredit Leasing hopes that
renewable energy projects can compensate for the drop. Renewables
currently account for 2 percent of UniCredit Leasing’s portfolio,
but according to Mayr, the company expects to increase its share in
the near future.
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By GlobalData“I hope that in a few years it will be 10 percent,” he said.
