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Corporacion Gestamp, Gestamp Renewables, Gestamp Wind

Madrid, 2019 July 2.- Elawan Energy has set in commercial operation Hannut wind farm, in Wallonia, Belgium. It has 22 wind megawatts power (MWs) and Nordex/Acciona technology....

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CIT provides $36m financing for Gestamp Wind’s 26MW farm



CIT Group is to provide $36m financing in a senior secured credit facility to Punta Lima, owner of the 26MW Punta Lima Wind Farm, Puerto Rico. Financing of the deal was structures through a sale and leaseback of the facility between Punta Lima’s owner Sovereign Bank and Gestamp Wind. CIT’s Corporate Finance arm served as Sole Lead Arranger for the transaction, and financing was provided by CIT Bank. Terms of the transaction were not disclosed...