SUBSCRIBE
PROFILE

Matrix Renewables secures €40 million for six solar plants in Italy

Matrix Renewables has secured €40 million in financing from UniCredit for the construction of six solar power plants in Italy. This project, with a total capacity of 40 MW, marks the company's entry into the Italian market and aligns with its expansion strategy.

Share:

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

The Matrix Renewables group, backed by TPG Rise, has finalized a €40 million non-recourse financing deal with UniCredit to develop and construct six photovoltaic solar power plants in Italy. Spread across the regions of Sicily, Campania, and Lombardy, these infrastructures have a total capacity of 40 MW. This is Matrix’s first financing in Italy, a strategic market for its expansion.

A financing structure led by UniCredit

UniCredit acted as the sole global coordinator and bookrunner for this transaction. The bank provided full underwriting support, ensuring the project’s financial viability. This collaboration strengthens UniCredit’s role in financing energy infrastructure in Italy, a sector experiencing increasing investment momentum.

Project progress and operational timeline

Construction of the solar plants began in September 2024 and is expected to be completed in the first quarter of 2025. During this phase, approximately 67 full-time jobs will be created, contributing to the local economies of the three regions involved. Once operational, the plants will generate enough electricity to meet the needs of 27,500 Italian households.

Legal and technical structuring

Matrix Renewables was advised by Greenhorse as a consultant. On the legal side, UniCredit received expertise from Legance. The technical aspects of the project were overseen by Fitchner, while Baringa acted as the market strategy advisor.

  • Popular on energynews.pro
Nigeria doubles output at oil block in 100 days through local management
Jihadist blockade disrupts fuel supply across Mali
Russia formally exits bilateral nuclear agreement with the United States
European carmakers push for more flexibility on CO2 targets
Well-filled gas reserves could save Germany €25 billion in losses
Geronimo Power inaugurates 125 MW solar project in Michigan
Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
GOLDBECK SOLAR Polska receives final authorisation for its 204 MWp solar park
GOLDBECK SOLAR Polska has received the Final Operational Notification for its Zwartowo photovoltaic facility, marking a key regulatory milestone in the development of large-scale solar projects in Poland.
SMFL Mirai commissions H.E Energy to build 100 solar plants in Japan
H.E Energy will develop 100 low-voltage solar facilities totalling 10MWDC in Hokkaido for SMFL Mirai Partners, with commissioning scheduled by June 2026.
Hokkaido Gas commissions 2MW solar plant to power Kamishihoro
Hokkaido Gas has launched a 2MW solar power plant in Kamishihoro, with an expected annual output of 4.4GWh to be distributed locally through energy supplier Karch.
Sembcorp acquires ReNew’s solar unit in India for $190mn
Sembcorp Industries has signed a purchase agreement to acquire a 300-megawatt solar plant in India, boosting its renewable energy footprint to a total capacity of 6.9 gigawatts.
Spanish solar producers warn of impact from negative electricity prices
Spanish solar energy producers have recorded 693 hours of zero or negative prices since January, already matching the total for the previous year, raising concerns about the sector’s profitability and market stability.
Mars invests in 100 solar projects in Poland with GoldenPeaks Capital
Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.
Doral Renewables signs contract for 430 MW of solar power in Texas
Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
France: SNCF signs two 25-year solar contracts with Octopus and BayWa r.e.
SNCF Voyageurs secures direct solar electricity supply from two plants owned by Octopus Energy and BayWa r.e., through 25-year agreements aimed at powering its rail network.
Solar and storage equipment prices to rise 9% from Q4 2025
The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.
Kuwait shortlists bidders for 500 MW photovoltaic solar project
The Kuwait Authority for Partnership Projects has shortlisted several companies for Phase III of the Al Dibdibah solar plant, with a net capacity of 500 MW.
Indian regulator opens proceedings over solar firms’ losses linked to transmission delays
The Central Electricity Regulatory Commission has agreed to examine compensation claims by ACME Solar and AMPIN Energy, citing losses caused by non-operational transmission lines.
Waaree Energies launches 950 MW solar unit at its Gujarat plant
Waaree Energies has activated a new 950 MW photovoltaic module production line in Degam, strengthening its industrial investment programme in western India.
India launches tender for 3,640 kW rooftop solar under SECI
India opens a new rooftop solar tender phase, offering 3,640 kW under the RESCO model, with a pre-bid meeting held online on October 6 by Solar Energy Corporation of India.
Shizen Energy secures 100MW in solar contracts with Microsoft in Japan
The Japanese developer has reached a total of 100MW in solar capacity under power purchase agreements with Microsoft, spread across four projects in the country, two of which are already operational.
Neoen secures four new long-term solar PPAs with SNCF Énergie
SNCF Énergie signed four new renewable electricity purchase agreements with Neoen in July, covering the annual consumption equivalent of the TGV Paris–Bordeaux line.
RWE commissions 4 MWp solar park on former landfill site in Charente-Maritime
RWE has inaugurated a 4 megawatt-peak solar park in Charente-Maritime, built on a former municipal landfill site and capable of supplying electricity to approximately 1,500 households.
EDF power solutions and El Paso Electric launch 150 MW solar facility in New Mexico
EDF power solutions and El Paso Electric have started operations at the Milagro Energy Center, combining 150 MW of solar photovoltaic capacity and 75 MW of battery storage under a 20-year power purchase agreement.
Iberdrola adds 708 MW of solar capacity to joint venture with Norges Bank
Iberdrola strengthens its partnership with Norges Bank Investment Management by adding two Spanish photovoltaic plants, raising joint operational capacity to 900 MW.
Red Rocket secures financing for 331 MWp solar park in South Africa
Producer Red Rocket has finalised financing for a 331 MWp solar park in Mpumalanga, backed by a 20-year power purchase agreement with Discovery Green.