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Kommunalkredit provides development financing for Italian battery energy storage system portfolio

Kommunalkredit provides development financing for Italian battery energy storage system portfolio

Borrowing base facility to fund further development activities

Kommunal Kredit logo

Vienna, 08/05/2024
Kommunalkredit Austria AG (Kommunalkredit) acted as Mandated Lead Arranger (MLA) for WElink Group (WElink), providing a EUR 20m borrowing base facility for a 1.6 GW pre-ready-to-build (RTB) battery-energy storage-systems (BESS) portfolio in Italy.
The BESS portfolio comprises twelve plants across Italy, with four projects already acquired and the balance under development contract for near-term acquisition.
“Battery energy storage systems will play a pivotal role in the energy turnaround. Through storing excess renewable energy for times of higher demand, they are smoothing out fluctuations and ensure stability & reliability of the grid. Therefore, we are proud to have supported WElink, and together with their experienced team, we are driving the transition to a more sustainable energy future”, said Kommunalkredit CEO Bernd Fislage.
“This borrowing base facility will enable WElink to further expand its BESS portfolio in Italy and deliver critical infrastructure to a core market. This facility further extends the funding relationship that we have with Kommunalkredit, and it is very rewarding to be engaged with such a strategic funding partner, as we work in partnership to create further opportunities across the renewable energy development pathway through to operation of the projects”, said Barry O’Neill, CEO WElink Group.

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Environmental & Quality Manager – Portugal

WE are seeking a skilled and motivated Environmental & Quality Manager to join our WElink Energy team in Portugal. In this role, you will be responsible for overseeing environmental compliance and ensuring the highest quality standards across our operations.
  • ● Project Lifecycle Oversight
  • ● Licensing and Regulatory Coordination
  • ● Environmental Impact Assessment (EIA) and Mitigation
  • ● Quality Management System (QMS) Development
  • ● Quality Control in Project Execution
  • ● Compliance Monitoring and Corrective Actions

Candidate Requirements:

  • ● Education: Bachelor’s or Master’s degree in Environmental Engineering, Environmental Sciences, Quality Management, or related fields.
  • ● Experience:
    • ○ Minimum 5 years of experience in similar roles, with a focus on environmental and/or quality management in renewable energy projects (solar and wind).
    • ○ Proven track record in managing the entire environmental lifecycle of projects, from development through operation.

Planner

WE are seeking a highly organised and proactive Planner to join our team. This role involves supporting projects across Solara, SILO, and Africa, with the flexibility to be based anywhere in Iberia. Occasional travel will be required.

Key Responsibilities:

  • Attend progress and coordination meetings to ensure alignment across departments.
  • ● Coordinate with Development, Engineering, Procurement, and Project Managers to understand tasks, deadlines, and resource needs.
  • ● Proactively gather inputs to create and update the overall project programme.
  • ● Monitor task progress, identify delays and critical paths, and report deviations from the baseline.
  • ● Suggest alternative solutions to improve project timelines and avoid delays.
  • ● Challenge decisions by forecasting impacts and proposing alternative routes to maintain project momentum.

Canditate requirements:

  • ● Organised, detail-oriented, and able to manage time efficiently.
  • ● Strong analytical thinker with problem-solving and mathematical skills.
  • ● Excellent communication skills, persuasive, and confident in presenting information.
  • ● Experience in planning activities within the renewables sector.
  • ● Willingness to travel across projects in Solara, SILO, and Africa.
  • ● Proficiency in Portuguese or Spanish, and English.
If you’re detail-oriented, thrive in a fast-paced environment, and are flexible with travel, we’d love to hear from you

How to Apply: To be considered for this position, please Email your CV and a cover letter to careers@welink.eu