THEOLIA completes financing of 30 MW wind power project in Italy

The project’s construction started during the second half of 2009 and its commissioning is expected during the first half of 2010.

Carlo Durante, CEO of Maestrale Green Energy, said: “As a result of this successful financing and the confidence placed in our high quality skill-set, we will actively continue developing our pipeline in Italy. This project is in line with the Group’s strategy of focusing on its core wind markets, of which Italy is a key part in terms of opportunity and attractiveness”.

THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany and Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of in the CAC Small 90 index.