Macchi di Cellere Gangemi is one of the most active Italian law firms in the field of project finance: the main activities are related to financing and refinancing of projects in the energy and infrastructure sectors and water services, representing both the sponsors and the lending banks.
Conventional Energy – The Firm has assisted major Italian and foreign industrial groups in financing combined cycle plants and incinerators operating under both the rate regime introduced by the CIP 6 Resolution and merchant plants, as well as their refinancing. The major projects implemented include the Teverola and Ravenna plants (150 MW of power), the Lomellina incinerator with 15 MW of power and the Bando d’Argenta biomass plant.
Renewable Sources – Macchi di Cellere Gangemi has been operating for many years as counsel to banks and sponsor in connection with the non-recourse financing of wind farms, solar initiatives and biomass power plants. Recently the Firm has participated in financing operations of wind and solar projects of over 300 MW in Sicily, Calabria and Puglia, while also gaining experience in relation to projects that use public contributions and funds and therefore require special financial structures. The Firm has also structured leasing and financing transactions for portfolios of initiatives.
Infrastructure – The Firm has been involved in structuring the financing of the construction and management of integrated water systems and regasification terminals and related storage and deposit facilities.