Enfinity Global closes €190 million financing to build 157MW Italian PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Enfinity Global reached financial close on a 1.5GW Italian portfolio earlier this year. Image: Enfinity Global.

US independent power producer (IPP) Enfinity Global has secured €189.6 million (US$210 million) in financing for the construction of a 157.1MW solar PV portfolio in Italy.

Consisting of eight utility-scale solar projects, which will be located in the central and northern Italian regions of Lazio and Emilia Romagna, the projects are expected to be operational in 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

European banks BayernLB, ING and Rabobank acted as mandated lead arrangers for the project financing through a club deal structure. The funding is split between a non-recourse senior debt of €127.4 million, VAT financing of €17.1 million and €45.1 million in letters of credit facilities for power purchase agreements (PPAs) and PV modules.

“This operation contributes to increase ING’s commitment to renewables, aiming to triple the financing of renewable power generation to €7.5 billion annually by 2025. We look forward to continuing the journey with Enfinity Global in renewables in Italy and elsewhere”, said Diederik van den Berg, managing director and global lead of renewables and power at ING.

Enfinity Global has secured PPAs for the energy produced by the portfolio with Italian utilities A2A—which it secured in July 2024—and Nova Aeg, along with an undisclosed Italian industrial company.

This latest financing comes less than a month after the IPP reached financial close on the development and construction of a 1.5GW solar PV portfolio in Italy.

Moreover, both these financing structures follow up a series of other financing rounds involving the IPP in Italy, which include, among others, €25 million raised in March 2024 and €118 million raised in December 2023.

In Italy, Enfinity Global has a solar PV and energy storage portfolio of 4.8GW, of which permitting projects account for 805MW. Enfinity Global has also signed PPAs for 388MW of solar PV capacity.

Read Next

August 7, 2025
Independent power producer Arevon Energy has powered the second phase of the Eland solar-plus-storage Center in Los Angeles, California.
August 5, 2025
NextEnergy Capital (NEC), through NextPower V ESG, has acquired a 73MW agriPV portfolio in Campania, Italy.
July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
July 28, 2025
Solar developer Atlas Renewable Energy has secured BRL1 billion (US$179 million) in financing for a 579MW Brazilian solar PV complex.
July 21, 2025
Enfinity Global has sold a 49% equity interest in its 402MW portfolio of solar plants in Italy to the SOFAZ.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines