Enfinity Global has closed €165m in financing aimed at building a portfolio of three utility-scale solar power plants with a combined capacity of 147MW, located in Italy’s Lazio region.
The projects are expected to be operational by 2026, with the energy contracted under long-term PPAs with an international technology provider.
The financing was orchestrated through a club deal structure, with ING and Rabobank serving as lenders and mandated lead arrangers.
This funding includes €114m in non-recourse senior debt, alongside €51m for VAT financing, and LC facilities covering PPAs, PV modules, and decommissioning.
The environmental impact of this new portfolio results in a reduction of 79,500 tonnes of carbon emissions annually, equivalent to removing over 62,000 cars from Italian roads each year.
In 2024 alone, Enfinity has secured €865m in financing to support the deployment of its 4.8GW portfolio of solar PV and storage projects across Italy, including 205MW in operation.
The deal was supported by a team of advisors, including Albion as documentary and security agent, Gianni & Origoni as lenders’ legal advisor, DWF as borrower’s legal advisor, Astris Finance as financial advisor, Fichtner Italia as technical advisor, and Marsh as insurance advisor.