Wedoany.com Report-Sept. 8, Enfinity Global has achieved financial close on a portfolio of eight large-scale solar projects in Italy, securing €316m ($368m) in funding. The projects, located in Emilia-Romagna, Basilicata, and Lazio, will have a combined capacity of 276MW and are scheduled to begin operations by the end of 2026.

The solar plants are set to commence operations by the end of 2026.

The financing was structured through a club deal involving ING, Rabobank, and BNP Paribas, which acted as mandated lead arrangers, lenders, original hedging counterparties, and green loan coordinators. The package consists of €214m in nonrecourse senior debt and €101m allocated for VAT, power purchase agreement (PPA) letters of credit, photovoltaic modules, and decommissioning obligations.

Once operational, the solar facilities are expected to generate about 403GWh annually, enough to supply electricity to approximately 150,000 households in Italy. The projects are also anticipated to reduce nearly 109,000 tons of carbon emissions each year, contributing to the country’s clean energy goals.

Carlos Domenech, CEO of Enfinity Global, stated: “We are proud to partner with Rabobank, BNP Paribas, and ING to continue accelerating the energy transition in Italy. This milestone further validates our long-term vision and commitment to building a sustainable energy platform that enables our customers to access cost-competitive energy to propel their growth, while we drive investment to Italy and create new jobs.”

This latest financing brings Enfinity Global’s total funding raised in Italy over the past two years to €1.3bn. The company is actively developing an 8GW pipeline of solar and storage projects across the country, including 564MW currently under construction in Lazio and Emilia-Romagna.

Enfinity Global has also secured a strong position in Italy’s solar PPA market, with long-term agreements in place for 805MW of capacity with industrial, corporate, and utility clients. These contracts reinforce the company’s role in providing reliable renewable energy to a broad range of customers.

Julio Fournier Fisas, Enfinity Global’s general manager for Europe, said: “This is our largest project financing to date in Italy, reinforcing our leadership in the market and expanding our presence in regions with high energy demand. 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.”

Through this financing, Enfinity Global continues to strengthen its role as a leading developer and operator of solar energy infrastructure in Italy. By aligning project development with market demand and securing long-term partnerships, the company is advancing both national and regional renewable energy objectives while contributing to job creation and investment.