Enfinity Global Inc., a leading renewable energy company, has achieved financial close on €316 million to construct eight utility-scale solar power plants in Italy. With a combined capacity of 276 MW, the projects are located across Emilia Romagna, Basilicata, and Lazio, and are scheduled to be fully operational by the end of 2026.
The financing was structured as a club deal with ING, Rabobank, and BNP Paribas acting as Mandated Lead Arrangers, Lenders, Original Hedging Counterparties, and Green Loan Coordinators. The package includes €214 million in non-recourse senior debt and €101 million in facilities for VAT, letters of credit related to power purchase agreements and PV modules, as well as decommissioning obligations.
Once operational, the portfolio is expected to generate approximately 403 GWh of clean energy annually, avoiding an estimated 109,000 tons of CO₂e emissions. This output is equivalent to the annual electricity consumption of about 150,000 households in Italy.
“We are proud to partner with Rabobank, BNP Paribas, and ING to continue accelerating the energy transition in Italy,” said Carlos Domenech, CEO of Enfinity Global. “This milestone further validates our long-term vision and commitment to building a sustainable energy platform that enables our customers to access cost-competitive energy to propel their growth, while we drive investment to Italy and create new jobs.”
“This is our largest project financing to date in Italy, reinforcing our leadership in the market and expanding our presence in regions with high energy demand,” commented Julio Fournier Fisas, Enfinity Global General Manager for Europe. “This deal supports our strategy of bringing energy production closer to consumption centers, allowing us to better serve the growing energy needs of corporate and industrial clients based on their geographic location.”
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
