UniCredit Funded $2 Billion for Clean Energy, Leasing Head Says
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UniCredit Leasing, a unit of Italy’s largest bank, provided a record 1.5 billion euros ($2 billion) in funding this year for wind and solar projects, mainly in Italy and eastern Europe, its renewables chief said.
Renewable energy funding from the UniCredit SpA leasing arm rose 50 percent compared with a year earlier, driven by solar deals in Italy, said Martin Mayr, its head of renewables. That may drop to about 1 billion euros during 2012 as government cuts in feed-in tariffs amid the debt crisis dries up funding, he said in an interview.