Enfinity Global closes €500 million financing for the development of 1.5 GW of solar capacity in Italy.
This financing, structured as a club deal, involves partners such as Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management and Queensland Investment Corporation (QIC).
This sum will enable Enfinity to accelerate its solar projects, consolidating its presence in the Italian energy market.
Financial structure and objectives
The deal includes an accordion clause, offering the possibility of increasing the total budget to 800 million euros.
This mechanism guarantees flexibility in financing future projects.
The assets concerned are part of an overall portfolio of 4.8 GW under development, giving Enfinity a strategic position in Italy, a key market for renewable energies. Italy, with its favorable geographical conditions, represents a propitious environment for this type of investment. The additional 1.5 GW will boost the country’s capacity to meet its growing energy needs, while diversifying its sources of supply.
Market impact and outlook
Enfinity Global is currently building 416 MW of solar capacity in 17 separate projects, all backed by long-term power purchase agreements with leading companies.
This momentum underlines investors’ confidence in the growth prospects of the Italian renewable energy market.
The financing is led by Akereos, acting as bookrunner and exclusive debt structurer for Enfinity.
Milbank is acting as legal advisor to Enfinity, while Ashurst is advising the consortium of investors.
These players ensure rigorous and professional project management, in line with industry standards.
Investor support and growth strategy
Infranity, with its strong expertise in renewable energies, is particularly committed to this project, providing substantial financial support.
Garbiñe Unda Barturen, Investment Director at Infranity, emphasizes the importance of this type of financing in supporting Europe’s energy transition.
The Italian market offers interesting prospects, with growing demand for renewable energy sources, supported by national and European policies.
Enfinity Global continues to expand its global portfolio, which now stands at 25.1 GW.
The company’s strategy is based on strong financial partnerships, optimized asset management, and the ability to adapt to changing market dynamics.
This approach enables Enfinity to meet the challenges of the energy sector, maximizing the profitability of investments while contributing to the energy security of the markets it serves.
