Enfinity Global, a renewable energy project developer, raised €316 million (~$368 million) in financing to support the construction of eight utility-scale solar projects with a combined capacity of 276 MW in Italy.
The projects, located across the regions of Emilia Romagna, Basilicata, and Lazio, are expected to reach commercial operation by the end of 2026.
Once operational, the projects are estimated to produce approximately 403 GWh of electricity annually.
ING, Rabobank, and BNP Paribas arranged the financing through a club deal structure. The funding package comprises €214 million (~$249 million) in non-recourse senior debt, along with €101 million (~$117.6 million) in facilities for VAT, letters of credit for power purchase agreements, photovoltaic modules, and decommissioning obligations.
With this financing, Enfinity Global has raised about €1.3 billion (~$1.5 billion) in Italy in the last two years. The company has an 8 GW solar and storage project pipeline in the country, including 564 MW currently under construction in Lazio and Emilia-Romagna.
“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,” commented Julio Fournier Fisas, Enfinity Global General Manager for Europe. “This deal supports our strategy of bringing energy production closer to consumption centers, allowing us to better serve the growing energy needs of corporate and industrial clients based on their geographic location.”
Previously, in June this year, the company announced the expansion of its structured credit facility in the U.S. to $245 million. This expansion builds on the $97 million facility signed with Nomura in July 2024 to accelerate the energy transition in the U.S.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, large-scale project funding increased by 65% in the first half of 2025 compared to the same period in 2024.
