Alantra Solar’s N-Sun Energy platform has raised €400 million in financing to accelerate its 1.8 gigawatt (GW) solar energy portfolio across Southern Europe, the company said on Thursday.
The package includes €355 million in green financing from Intesa Sanpaolo, which will fund the development and construction of five solar and agrivoltaic plants in Italy with a combined capacity of about 275 megawatts peak (MWp). The projects, located in Lazio, Puglia and Sicily, are scheduled to begin commercial operations by the end of 2027.
N-Sun Energy has also closed a €50 million corporate financing facility with Bankinter, guaranteed by CESCE, to complete its investment programme and strengthen the platform’s capital 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 tied to power purchase agreements and project 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 the agreement reinforces investor confidence in the company’s renewable energy strategy. “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 said.
“It marks another milestone towards delivering N-Sun Energy’s 1.8GW portfolio and confirms the strong commitment of leading investors to our strategy,” Mellado added. “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 new financing builds on €213 million secured in January last year for the construction of seven solar plants totalling 306MWp in Spain and Italy.
The N-Sun Energy platform, managed by Alantra Solar, continues to acquire ready-to-build projects developed by Solarig and backed by Reichmuth Infrastructure and Amundi Energy Transition. To date, it has acquired 597MWp of projects across Europe.
