Enfinity Global Inc. has finalized EUR142 million (US$151 million) financing for the development of 112 MW in three utility-scale solar power projects in Italy.
Santander Corporate & Investment Banking (Santander CIB) and BayernLB financed two 72 MW power facilities, and Nomura financed a 40 MW tranche. These institutions have been mandated lead arrangers for each project financing using a club transaction structure that includes EUR85 million (US$90.4 million) of non-recourse senior debt financing, EUR57 million (US$60.6 million) of VAT financing, and LC facilities (PPA and PV modules).
The 112 MW portfolio located in Lazio will be online in the first half of 2024. These solar power plants will provide 191 GWh of clean electricity and will power 71,000 houses and offset 76,500 tons of CO2 emissions, equivalent to 3,500 mature trees.
Country updates
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December 20, 2022
Funding announced for 600 MW interconnector project
The European Commission has allocated EUR308 million (US$326.83 million) for the 600 MW ELMED transmission project between Italy and Tunisia.
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December 20, 2022
Technip Energies to perform FEED for 2.8 GW floating offshore wind project in the Mediterranean Sea
Renexia has selected Technip Energies to conduct the front-end engineering and design (FEED) for the 2.8 GW Med Wind floating offshore wind project, located 60 km west of Sicily, Italy. The FEED incl...
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December 15, 2022
Verbund signs agreement to acquire 250 MWp solar PV portfolio in Apulia
VERBUND has signed a cooperation agreement with the PV-Invest Group and acquired a solar photovoltaic (PV) project portfolio in Italy with a maximum capacity of 250 MWp. The portfolio comprises a pip...
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November 29, 2022
RWE starts commercial operation of 25.2 MW Selinus wind farm in Sicily
RWE has started the commercial operation of the 25.2 MW Selinus wind farm located in Sicily, Italy. The facility consists of six V136 wind turbines with a rated power of 4.2 MW suppli...
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November 24, 2022
Sunwin Energy divests 375 MWp Italian solar portfolio
Sunwin Energy and an unnamed company have signed an agreement for the sale of 375 MW of solar projects in Italy. The portfolio includes 15 ground-mounted photovoltaic (PV) farms with individual capac...
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