Alantra Solar’s N-Sun Energy platform has secured €400m in financing to advance its 1800MW solar portfolio in Southern Europe.
The company said €355m in green financing from Intesa Sanpaolo will fund the development and construction of five solar and agrivoltaic plants in Italy with a combined capacity of about 275MWp.
Projects are located in Lazio, Puglia and Sicily and are expected to begin commercial operation by the end of 2027.
N-Sun Energy said it has also closed a €50m corporate financing facility with Bankinter, guaranteed by CESCE, to complete its investment programme and strengthen the platform’s financial structure.
The financing package, structured under a holdco project finance model, includes long-term loan facilities, a VAT facility, a debt service reserve line, and guarantees linked to power purchase agreements and decommissioning.
Intesa Sanpaolo acted as mandated lead arranger, underwriter, bookrunner, global coordinator, agent bank and green loan coordinator.
Alantra Solar managing partner Javier Mellado said: “This financing highlights the strength of the partnership between Alantra and Solarig in advancing one of the most ambitious solar energy platforms in Europe.”
He added: “It marks another milestone towards delivering N-Sun Energy’s 1.8GW portfolio and confirms the strong commitment of leading investors to our strategy.”
He said: “We remain dedicated to developing renewable projects that combine scale, sustainability, and long-term value creation for our investors and the communities in which we operate.”
Alantra Solar said the financing follows €213m secured in January last year for the construction of seven solar plants totalling 306MWp in Spain and Italy.
The vehicle, managed by Alantra Solar, continues to acquire ready-to-build projects developed by Solarig and backed by Reichmuth Infrastructure and Amundi Energy Transition, having so far acquired 597MWp.