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Enfinity Global Launches 101 MW Solar Projects in Italy

Enfinity Global Inc. closes a €118 million financing package for four solar power plants in Italy, marking a giant step forward in renewable energy with the support of UniCredit, BayernLB and Siemens Bank.
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Enfinity Global has just announced the closing of a €118 million financing package for the construction of four solar power plants with a total capacity of 101 MW in the Lazio region of Italy. Scheduled for commissioning in 2024, the plants will benefit from an innovative financing structure, thanks to the participation of UniCredit, BayernLB, and Siemens Financial Services through Siemens Bank.

Environmental impact and sustainable development

The four plants will have a considerable environmental impact, generating 172 GWh of clean electricity per year, enough to power 64,000 Italian homes. The project will also help reduce Italy’s CO2 emissions, offsetting 69,000 tonnes of CO2 annually, equivalent to the carbon sequestration capacity of 3,100 mature trees.

Enfinity Global’s expansion and strategy in Italy

In addition to these projects, Enfinity Global is currently developing four other projects in Italy, totalling 134 MW, in the province of Viterbo (Lazio). The company has already secured 165 million euros in financing for these projects. Julio Fournier Fisas, Enfinity Global’s CEO for Europe, underlines the company’s commitment to investing 3 billion euros over the next three years to increase its presence in the Italian market.

Commitment of Financial Partners

Financial partners UniCredit, BayernLB and Siemens Bank play a key role in the realization of these ambitious projects. Marco Bortoletti, Regional Director Lombardy at UniCredit, affirms the alignment of this project with the company’s ESG strategy, and its commitment to a low-carbon economy. Similarly, Karin Schramm, Head of Renewable Energy at BayernLB, and Siobhan Smyth, CEO of Siemens Bank GmbH, underline the importance of structured finance in promoting energy transition and supporting sustainable development.

The Enfinity Global Inc. in Italy is a perfect illustration of the growing importance of renewable energies in the global energy landscape. The project, supported by renowned financial partners, highlights the potential of strategic investments in green infrastructure to achieve the goals of reducing carbon emissions and promoting a sustainable economy.

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