- Enfinity Global secures €165 million to build three solar plants in Italy’s Lazio region, adding 147 MW capacity by 2026.
- ING and Rabobank led the financing, which included €114 million in non-recourse debt and €51 million for VAT, PPAs, and decommissioning.
- Enfinity leads Italy’s renewable energy market, with 805 MW in approved projects and 535 MW in PPAs with major firms like Feralpi and Statkraft.
Enfinity Global Inc. secured €165 million in financing to build three solar plants in Italy’s Lazio region. These projects will deliver a total capacity of 147 MW and will begin operations by 2026.
ING and Rabobank led the financing arrangement as part of a club deal. The deal provides €114 million in non-recourse senior debt and €51 million to cover VAT, power purchase agreements (PPAs), photovoltaic modules, and decommissioning costs.
Enfinity Global continues to expand its presence in Italy’s renewable energy sector. According to Elemens’ Q4 “Dev&Deals” report, the company leads the Italian market as the top Independent Power Producer (IPP), with 805 MW of approved projects.
In 2024, Enfinity raised €865 million to finance solar and energy storage projects across Italy, including 205 MW of operational capacity. The company signed PPAs for 535 MW with industrial firms like Feralpi and Nova AEG and energy providers A2A and Statkraft.
Carlos Domenech, CEO of Enfinity Global, emphasised the importance of this financing in driving the company’s objectives in Italy and globally. He reaffirmed Italy’s significance as a key market for Enfinity’s solar energy expansion.
The deal’s financial structure includes strong partnerships. ING and Rabobank acted as the primary lenders and arrangers, enhancing their roles in renewable energy financing. ING plans to scale up investments in this sector while Rabobank continues to grow its activities in Italy and Europe.
Several advisors supported the transaction. Albion managed document security, Gianni & Origoni served as legal advisors for the lenders, and DWF represented the borrower. Astris Finance provided financial advice, while Fichtner Italia and Marsh handled technical and insurance issues.
These solar plants will boost Enfinity Global’s renewable energy portfolio in Italy. As part of its ongoing expansion strategy, the company aims to solidify its position in the Italian market.
Enfinity Global steadily increases its footprint in Italy, which remains crucial to its broader renewable energy goals. The company’s solar energy projects align with Italy’s clean energy agenda and its goals for renewable energy development.
With 805 MW of approved projects and hundreds of MW under PPAs, Enfinity Global leads Italy’s renewable energy efforts. The company stays committed to expanding its portfolio and achieving its sustainability objectives.
This financing highlights the critical role of strategic partnerships in advancing renewable energy projects. Enfinity Global’s collaboration with major lenders and advisors showcases its commitment to growth in Italy’s clean energy market.
By 2026, when these solar plants come online, Enfinity Global will significantly contribute to Italy’s renewable energy capacity, aiding the country’s transition to cleaner, more sustainable energy sources.