popular articles

Enfinity Global obtains €190 million to develop 157 MW of solar power in Italy

Enfinity Global finalizes €189.6 million financing for the construction of eight solar power plants totaling 157 MW in Italy, backed by BayernLB, ING and Rabobank.

Please share:

Enfinity Global, a company specializing in renewable energies, has been awarded 189.6 million euros for the construction of eight solar power plants in Italy, representing a total capacity of 157.1 MW.
The projects, located in the Lazio and Emilia Romagna regions, are scheduled to come on stream in 2025.
This financing comes at a time when Italy’s energy infrastructure is being strengthened, and solar power is playing an increasingly important role in the energy mix.

Financing structured by European banks

BayernLB, ING and Rabobank are leading this financing via a club deal structure.
The package includes 127.4 million euros in senior non-recourse debt, 17.1 million euros for VAT and 45.1 million euros in credit lines for power purchase agreements (PPAs), photovoltaic modules and site dismantling.
These financial mechanisms minimize risk while maximizing returns for investors.
The long-term PPAs signed with A2A, Nova Aeg and another Italian manufacturer will guarantee stable marketing of the electricity generated.
The projects call for an annual production of 271 GWh, equivalent to the consumption of 100,000 households.
These new capacities are in line with the energy diversification objectives of Italy and the European Union, which support the integration of renewable energy sources to reduce dependence on fossil fuel imports.

Market strategies and outlook

The financing of these solar installations in Italy reflects the strategy of European banks to support projects aligned with the European energy transition.
According to the Q2 2024 Dev&Deals report by Elemens, Enfinity is positioned as the leading independent power producer (IPP) in terms of authorized solar projects in Italy, with a portfolio of 805 MW.
This project also contributes to reinforcing its leading position in the IPP market, with 388 MW already committed with leading players.
Carlos Domenech, CEO of Enfinity Global, stresses the importance of this financial partnership with European banks, saying it sets new standards for the development of energy infrastructure in Italy.
The support of financial institutions for these projects is crucial for securing long-term investments in the sector.

Banks step up their support for renewable energies

BayernLB, represented by Karin Schramm, Head of Renewables, says the Italian market remains a priority, with several projects underway to support the local energy transition.
Diederik van den Berg, Managing Director of ING’s Renewables & Power division, points out that this investment is in line with the bank’s objective of tripling its financing in renewable energies to 7.5 billion euros a year by 2025.
For his part, Rabobank’s Marc Schmitz points to growing investor interest in long-term renewable energy projects in Italy and beyond.
This trend can be explained by the stable revenue streams generated by well-structured APPs and the increased competitiveness of solar technologies.

Competitive environment and development challenges

Italy continues to position itself as a key market for solar investments.
The support of renowned financial players such as BayernLB, ING and Rabobank for Enfinity illustrates confidence in the development of renewable energies through robust, well-structured financial models.
These projects come at a time when access to financing remains crucial for the expansion of large-scale renewable energy capacity.
Financing decisions are influenced by market performance and long-term profitability forecasts.
Enfinity and its partners rely on a combination of risk management, revenue stability and cost optimization to maximize the efficiency and returns of these projects in Italy.

Register free of charge for uninterrupted access.

Publicite

Recently published in

AES will supply 650 MW of solar capacity to Meta through two long-term power purchase agreements in the United States, strengthening its position in the Southwest Power Pool market.
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
Boralex signed renewable energy certificate contracts with New York’s energy authority for two solar projects totalling 450 MW in capacity.
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.
German group Greencells strengthens its UK presence through an EPC and O&M agreement with Enray Power for a solar plant incorporating an energy storage system in North Yorkshire.
German group Greencells strengthens its UK presence through an EPC and O&M agreement with Enray Power for a solar plant incorporating an energy storage system in North Yorkshire.
Urban Grid sets up honey production at its Crystal Hill solar site, combining beekeeping and farming to trial new land management models.
Ecopetrol acquires Statkraft’s Colombian subsidiary, including eight projects under development and the 130 MW Portón del Sol solar plant.
Ecopetrol acquires Statkraft’s Colombian subsidiary, including eight projects under development and the 130 MW Portón del Sol solar plant.
French group Qair has begun construction on two hybrid solar plants in N’Djamena totalling 30 MWp with battery storage, under a 20-year BOOT contract with the Chadian government.
French group Qair has begun construction on two hybrid solar plants in N’Djamena totalling 30 MWp with battery storage, under a 20-year BOOT contract with the Chadian government.
The third-party ownership model dominates non-residential solar installations in the US, according to Wood Mackenzie, with 2.1 GWdc installed in 2024, a record driven by the rise of transferable tax credits.
The third-party ownership model dominates non-residential solar installations in the US, according to Wood Mackenzie, with 2.1 GWdc installed in 2024, a record driven by the rise of transferable tax credits.
Enfinity Global secured a €100mn ($108.4mn) bond facility from Eiffel Investment Group to accelerate its energy storage and solar projects across Europe, mainly in Italy and the United Kingdom.
The Kuwait Authority for Public-Private Partnerships has launched a pre-qualification process to build two photovoltaic plants in the Al Jahra region.
The Kuwait Authority for Public-Private Partnerships has launched a pre-qualification process to build two photovoltaic plants in the Al Jahra region.
Iberdrola Italia has inaugurated a new photovoltaic plant in Tarquinia with a capacity of 33 MW, aiming to produce around 50 GWh of solar electricity per year to support industrial electrification.
Iberdrola Italia has inaugurated a new photovoltaic plant in Tarquinia with a capacity of 33 MW, aiming to produce around 50 GWh of solar electricity per year to support industrial electrification.
SOLV Energy announces contracts totalling more than 6 GW of solar and storage projects in the United States, with construction launches expected as early as 2025. The projects will span several states including Arizona and California.
SOLV Energy announces contracts totalling more than 6 GW of solar and storage projects in the United States, with construction launches expected as early as 2025. The projects will span several states including Arizona and California.
China added 59.7 GW of photovoltaic capacity in Q1 2025, surpassing coal power generation capacity for the first time, according to the National Energy Administration (NEA).
Engie cancelled its hybrid solar farm project in Yass after local opposition. The company is now considering installing only a battery system on the site, responding to community concerns.
Engie cancelled its hybrid solar farm project in Yass after local opposition. The company is now considering installing only a battery system on the site, responding to community concerns.
The Chisamba solar power plant, a major private project in Zambia with a $71.5 million investment, has reached 91% completion, aiming to bridge a structural energy deficit through a strategic partnership with a leading mining group.
The Chisamba solar power plant, a major private project in Zambia with a $71.5 million investment, has reached 91% completion, aiming to bridge a structural energy deficit through a strategic partnership with a leading mining group.
Close Brothers funds the construction of an 8.99MWp solar plant in Rhigos, marking a new phase in a £200mn partnership with Enviromena.
Close Brothers funds the construction of an 8.99MWp solar plant in Rhigos, marking a new phase in a £200mn partnership with Enviromena.
RWE is developing over 86 MWp of solar capacity on recultivated land in the Rhenish region, with commissioning scheduled by the end of 2025.
ReNew Energy Global commits Rs22,000 crore ($2.57bn) to develop a 2.8 GW solar-wind hybrid power plant in Andhra Pradesh.
ReNew Energy Global commits Rs22,000 crore ($2.57bn) to develop a 2.8 GW solar-wind hybrid power plant in Andhra Pradesh.
CVE North America begins construction of a solar and energy storage system on a former landfill site in Riverhead, marking a new strategic investment in the United States.
CVE North America begins construction of a solar and energy storage system on a former landfill site in Riverhead, marking a new strategic investment in the United States.
The tech giant strengthens its partnership with energyRe through a second agreement covering more than 600 MW of solar projects, bringing the total commitment to over 1 GWac of renewable capacity.
The tech giant strengthens its partnership with energyRe through a second agreement covering more than 600 MW of solar projects, bringing the total commitment to over 1 GWac of renewable capacity.
Solar solutions manufacturer TOYO Co., Ltd released revised financial results for 2024, reporting a significant increase in net profit despite a sharp rise in operating expenses.
Sungrow has secured an 835 MW order for photovoltaic inverters from Juniper Green Energy for solar projects in India, reinforcing its position in the Asian renewable energy market.
Sungrow has secured an 835 MW order for photovoltaic inverters from Juniper Green Energy for solar projects in India, reinforcing its position in the Asian renewable energy market.
Undocumented embedded devices have been found in Chinese inverters and batteries connected to power grids, raising growing concerns among US energy security officials.
Undocumented embedded devices have been found in Chinese inverters and batteries connected to power grids, raising growing concerns among US energy security officials.
Chinese manufacturer AIKO recorded over 1 GW in orders for its INFINITE solar module range during Intersolar Europe 2025, strengthening its commercial foothold in the European market.
Chinese manufacturer AIKO recorded over 1 GW in orders for its INFINITE solar module range during Intersolar Europe 2025, strengthening its commercial foothold in the European market.

Advertising