Enfinity Global Inc., a leading renewable energy company, has announced the successful financial close of €316 million to construct eight utility-scale solar power plants across Italy. With a combined capacity of 276 MW, the projects are located in Emilia Romagna, Basilicata, and Lazio, and are expected to be operational by the end of 2026.

The financing was arranged through a club deal with ING, Rabobank, and BNP Paribas serving 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 (LCs) for PPAs, PV modules, and decommissioning obligations.

Once operational, the solar plants are expected to generate approximately 403 GWh of electricity annually, equivalent to the energy consumption of 150,000 Italian households, and prevent around 109,000 tons of CO?e emissions each year.

Carlos Domenech, CEO of Enfinity Global, emphasized the importance of the financing: “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’s General Manager for Europe, highlighted that the deal marks the company’s largest project financing in Italy to date: “This agreement reinforces our leadership in the market and expands our presence in regions with high energy demand. It supports our strategy of bringing energy production closer to consumption centers, better serving corporate and industrial clients.”

The transaction increases Enfinity Global’s total financing raised in Italy over the past two years to €1.3 billion. The company is currently advancing an 8 GW pipeline of solar PV and storage projects in the country, including 564 MW under construction in Lazio and Emilia Romagna. Enfinity also leads the Italian solar PPA market, with 805 MW of long-term agreements signed with industrial, corporate, and utility off-takers.

The transaction was supported by a group of advisors, including Bondholders as Facility Agent and Documentary and Security Agent, Gianni & Origoni as lenders’ legal advisor, Bird & Bird as borrower’s legal advisor, Astris Finance as financial advisor, Vector Renewables as technical advisor, PwC as auditor advisor, and MAG Consulting Srl as insurance advisor.