SUBSCRIBE
PROFILE

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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
Voltalia launches construction of hybrid solar-storage power plant in French Guiana
ENGIE awards NHOA Energy a 320 MWh battery storage project in Belgium
Flamanville EPR reactor reaches 100% nuclear power after 12-year delay
Origis Energy secures $290mn financing for two solar projects in Texas
Stardust Power secures technical green light for its lithium refinery in Oklahoma
California exceeds 50% renewable electricity, but grid integration tightens
California surpassed 52.3% of electricity from renewables and large hydro in 2024, marking a major energy milestone while increasing pressure on storage, permitting and curtailed production.
European Energy wins two CRE tenders for its agrivoltaic projects in Saint-Voir
European Energy France has secured two wins in tenders issued by the French Energy Regulatory Commission for its agrivoltaic parks in Saint-Voir, with a combined capacity of 14.3 MWp and commissioning expected by late 2027.
TotalEnergies signs 21-year solar deal with Google in Malaysia
TotalEnergies will supply Google with 1TWh of renewable electricity from a 20MW solar plant in Malaysia under a 21-year power purchase agreement.
Enviromena’s 40MW solar project approved despite local opposition
Enviromena secured approval for its Fillongley solar farm after a local council’s refusal was overturned, despite conflicts of interest tied to public funds used to oppose the project.
Wood Mackenzie: the global solar inverter market to decline through 2026
According to Wood Mackenzie, the global solar inverter market will face two consecutive years of contraction after record shipments in 2024, driven by regulatory tensions in China, Europe and the United States.
UK allocates $180mn for solar energy in upcoming CfD auction
The UK government has assigned a GBP135mn ($180mn) budget for solar energy in its seventh CfD auction round, aiming to support up to 4 GW of installed capacity.
SEG Solar invests $80mn in 3GW upstream manufacturing facility in Indonesia
SEG Solar launches a strategic industrial project in Indonesia with 3GW capacity to support the supply chain of its photovoltaic modules for the US market.
Boviet Solar invests $400mn in two solar factories in North Carolina
Vietnam's Boviet Solar has launched two industrial sites in North Carolina to produce solar cells and modules, with over 1,300 jobs created and a total investment of $400mn.
Acciona Energía sells U.S. solar and Mexico wind assets for $1bn
Acciona Energía sells 49% of its U.S. solar portfolio and all of two Mexican wind farms in a $1bn deal, reinforcing its asset rotation strategy.
Maxeon sues Aiko and its distributors in Germany for solar patent infringement
Maxeon Solar Technologies has launched a new legal action against Aiko Solar and its European distributors over alleged infringement of a key back contact photovoltaic technology patent.
Vena Group secures international financing for its 300 MWp solar plant
Vena Group has finalised a landmark foreign currency financing for its Opus solar project in the Philippines, marking a major milestone for cross-border investments in energy.
Voltalia secures 68 megawatts of solar in Italy with 20-year guaranteed tariff
Voltalia strengthens its presence in Italy with four solar projects awarded under the FERX tender, securing stable revenues over two decades for a total capacity of 68 megawatts.
Akuo raises €5.15mn through crowdfunding for its projects in Côte-d’Or
French developer Akuo has completed three crowdfunding campaigns to support its solar power plants in Côte-d’Or, raising a total of €5.15mn ($5.57mn) exclusively from local stakeholders.
Zimbabwe plans 600 MW floating solar power plant on Lake Kariba
Zimbabwe plans to launch the construction of a 600 MW floating solar power plant on Lake Kariba in 2026, aiming to reduce its reliance on drought-affected hydropower.
Zelestra secures 108 MW in Sicily during second FER X auction
The company has secured a 108 MW solar project in Sicily, its largest in Italy, following the second national FER X auction, strengthening its portfolio of energy investments in the country.
GreenGo secures additional 48 MW through FER X NZIA tender
Independent power producer GreenGo strengthens its portfolio to 193 MW under public schemes, after winning a new 48 MW solar project through the FER X NZIA programme.
Italy awards 1.1 GW of non-Chinese solar capacity at 17% higher price
Italy awarded over 1.1 gigawatts to 88 solar projects using no Chinese equipment, in a European first, at an average tariff of €66.38/MWh, 17% above previous auctions.
Newheat partners with Sunmark Chile to supply renewable heat to Chilean mines
French firm Newheat forms a joint venture with Sunmark Chile to develop large-scale solar thermal heat projects for the mining sector, targeting decarbonisation of copper extraction processes in Chile.
Scatec commissions second 60 MW solar phase in Botswana
Scatec has begun commercial operation of the second phase of its 120 MW solar project in Mmadinare, marking a strategic step in Botswana’s energy sector.
ACWA Power and Bapco Energies launch 2.8 GW cross-border solar project
ACWA Power and Bapco Energies signed a joint development agreement for a solar power plant integrated with storage technology in eastern Saudi Arabia, to supply electricity to Bahrain.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.