Enfinity Global closes €165 million for three 147 MW solar projects in Italy

Enfinity Global has secured €165 million in financing to develop three solar plants with a combined capacity of 147 MW in the Lazio region, Italy. These projects are expected to be operational by 2026.

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Enfinity Global Inc., a company specializing in renewable energy, announced the completion of €165 million in financing for the construction of three solar plants in Italy. These facilities, with a combined capacity of 147 MW, are located in the Lazio region and are expected to be operational by 2026.

The financing was structured as a club deal, arranged by ING and Rabobank as principal lenders and mandated arrangers. The amount includes €114 million in non-recourse senior debt and €51 million to cover VAT financing as well as guarantees for power purchase agreements (PPAs), photovoltaic modules, and decommissioning costs.

Economic and Operational Context

Enfinity Global continues to expand its footprint in Italy, a key market for its solar sector operations. According to the “Q4 Dev&Deals” report by Elemens, the company is currently the leading Independent Power Producer (IPP) in terms of approved projects, with a total of 805 MW authorized in the country.

In 2024, the company raised €865 million to finance solar and energy storage projects in Italy, including 205 MW already in operation. Among its achievements, Enfinity signed PPAs totaling 535 MW with industrial firms such as Feralpi and Nova AEG, as well as energy providers like A2A and Statkraft.

Role of Financial Partners

The financial structure of the project relies on experienced partners. ING and Rabobank, as principal lenders, strengthen their position in renewable energy project financing. ING aims for a significant increase in its investments in this sector, while Rabobank continues to expand its activities in Italy and across Europe.

Carlos Domenech, CEO of Enfinity Global, stated that this financing marks an important step in achieving their strategic objectives in Italy and beyond.

Partners and Technical Advisors

The transaction involved several specialized advisors, including Albion for document management and security, Gianni & Origoni as legal advisors for the lenders, and DWF for the borrower. Astris Finance provided financial advice, while Fichtner Italia and Marsh respectively handled technical and insurance aspects.

These projects enable Enfinity Global to strengthen its portfolio while consolidating its position in the Italian renewable energy market.

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