Whysol Renewables, an independent power producer, secured a €319 million (~$369.62 million) green financing facility through its subsidiary Whysol ION Holding.
The financing will enable the company to support the development of two battery energy storage projects and four agrivoltaic projects in Apulia, Sardinia, and Campania in Southern Italy, with a total capacity of approximately 328 MW.
A consortium of domestic and international banks and financial institutions comprising Cassa Depositi e Prestiti (CDP), acting as original lender, structuring mandated lead arranger and bookrunner, BNP Paribas Italian Branch, Crédit Agricole Corporate & Investment Bank – Milan Branch, ING Bank – Milan branch, Intesa Sanpaolo -IMI Corporate & Investment Banking Division and UniCredit, acting as original lenders, structuring mandated lead arrangers, global coordinators, hedging banks, green loan coordinators and bookrunners. Intesa Sanpaolo also acted as facility agent, issuing bank, and depositary bank.
The agrivoltaics projects will benefit from the FER X and Energy Release 2.0 schemes, managed by the Italian Energy Services Manager (GSE), while the battery energy storage systems will access the Electricity Storage Capacity Procurement Mechanism (MACE).
To date, the company has developed and integrated 160 MW of renewable energy projects, in addition to 1,450 MW of projects soon to start construction and authorizations under development. The company invests in the engineering design and construction of projects and infrastructure, as well as in the management and provision of services to support the operational activities of the projects.
According to Mercom’s Annual and Q4 2025 Solar Funding and M&A report, large-scale project funding increased 37% in 2025 compared to 2024.
In March 2026, Doral Renewables, a utility-scale renewable energy project developer, closed nearly $900 million in financing for its Cold Creek solar-plus-storage project in Schleicher and Tom Green Counties, Texas. The hybrid project includes 430 MWac of solar generation capacity and 340 MWh of battery energy storage systems (BESS).
