Renewable energy company Enfinity Global has reached financial close on a €316 million ($368 million) package to support the development of eight utility-scale solar power projects across Italy.
With a combined capacity of 276 MW, the projects are strategically located across the regions of Emilia Romagna, Basilicata, and Lazio. Construction is expected to be completed by the end of 2026, with the sites projected to generate around 403 GWh of electricity each year. The projects are also forecast to reduce annual carbon emissions by nearly 109,000 tonnes.
The financing was arranged through a club deal with ING, Rabobank, and BNP Paribas acting as mandated lead arrangers, lenders, hedging counterparties, and green loan coordinators. The package includes €214 million in non-recourse senior debt and €101 million to cover VAT, letters of credit for power purchase agreements, photovoltaic modules, and decommissioning obligations.
The deal adds to the €1.3 billion Enfinity Global has raised in Italy over the past two years, supporting a national pipeline of 8 GW in solar PV and storage projects.
The company is currently constructing 564 MW of capacity in Lazio and Emilia-Romagna and has secured long-term power purchase agreements for 805 MW with industrial, corporate, and utility customers.
