Renewable energy company Enfinity Global has reached financial close on eight utility-scale solar power plants in Italy, securing €316 million in funding to support the construction of a 276-megawatt portfolio across three regions.
The projects are located in Emilia Romagna, Basilicata and Lazio, and are expected to be fully operational by the end of 2026. Once online, the plants are projected to generate around 403 gigawatt-hours (GWh) of electricity annually — equivalent to the consumption of approximately 150,000 Italian households — and are estimated to avoid 109,000 tonnes of carbon dioxide emissions each year.
“This milestone further validates our long-term vision and commitment to building a sustainable energy platform,” said Carlos Domenech, chief executive of Enfinity Global. “We are proud to partner with Rabobank, BNP Paribas, and ING to continue accelerating the energy transition in Italy.”
The €316 million financing was structured as a club deal, with ING, Rabobank and BNP Paribas acting as mandated lead arrangers, lenders, green loan coordinators and original hedging counterparties. The package includes €214 million in non-recourse senior debt and €101 million in facilities to cover VAT, letters of credit for power purchase agreements, solar modules, and decommissioning costs.
Julio Fournier Fisas, general manager for Europe at Enfinity Global, said the deal marked the company’s largest project financing in Italy to date.
“This deal supports our strategy of bringing energy production closer to consumption centres, allowing us to better serve the growing energy needs of corporate and industrial clients based on their geographic location,” he said.
The transaction brings Enfinity Global’s total financing in Italy over the past two years to €1.3 billion. The company currently has a pipeline of 8GW of solar PV and energy storage projects in the country, with 564MW already under construction in Lazio and Emilia-Romagna.
