Enfinity Global Inc., a prominent renewable energy company, has successfully secured financial closure on €316 million to develop eight utility-scale solar power plants in Italy. These projects, with a combined capacity of 276 MW, are situated across Emilia Romagna, Basilicata, and Lazio, and are expected to be fully operational by the end of 2026.
The financing was arranged as a club deal involving ING, Rabobank, and BNP Paribas, who served as Mandated Lead Arrangers, Lenders, Original Hedging Counterparties, and Green Loan Coordinators. The financial package comprises €214 million in non-recourse senior debt and €101 million in facilities covering VAT, letters of credit linked to power purchase agreements and PV modules, as well as decommissioning obligations.
Upon completion, the solar portfolio is projected to produce approximately 403 GWh of clean energy annually, offsetting an estimated 109,000 tons of CO₂e emissions. This output is equivalent to the annual electricity consumption of around 150,000 Italian households.
Carlos Domenech, CEO of Enfinity Global, stated: “We are proud to partner with Rabobank, BNP Paribas, and ING to continue accelerating the energy transition in Italy. 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.”
Julio Fournier Fisas, Enfinity Global General Manager for Europe, added: “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. 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.”
Source: Enfinity
