Enfinity Global Secures Significant Funding for Solar Power Projects in Italy

Enfinity Global Secures Major Funding for Solar Initiatives

On September 4, 2025, Enfinity Global Inc., a prominent player in the renewable energy sector, announced a major financial milestone. The company successfully completed the financial close of €316 million for the construction of eight utility-scale solar power plants in various regions of Italy, specifically in Emilia Romagna, Basilicata, and Lazio. When combined, these projects will boast an impressive capacity of 276 MW.

The financing was orchestrated through a club deal framework, with notable financial institutions such as ING, Rabobank, and BNP Paribas acting as the Mandated Lead Arrangers. They provided not only the necessary capital but also expertise in structuring the investments and managed multiple aspects of the deal, including hedging and green loan coordination. The financial package includes €214 million classified as non-recourse senior debt and €101 million designated for VAT facilities, letters of credit tied to Power Purchase Agreements (PPAs), procurement of photovoltaic modules, and ensuring decommissioning obligations are met.

The energy anticipated from this new solar initiative is expected to generate approximately 403 GWh per year, equating to a significant reduction of around 109,000 tons of CO₂ emissions annually. This impressive figure is comparable to the yearly electricity consumption of about 150,000 Italian households, marking a substantial step forward in reducing carbon footprints and promoting sustainability.

Carlos Domenech, the CEO of Enfinity Global, expressed his pride in partnering with leading financial entities to facilitate this ambitious endeavor. He emphasized the role of this financing in accelerating Italy's energy transition while reinforcing Enfinity's long-term commitment to building a sustainable energy platform. By providing cost-competitive energy solutions, the company aims to empower growth for its customers while driving investments and creating new job opportunities within the region.

Julio Fournier Fisas, General Manager for Europe at Enfinity Global, commented on the project financing, highlighting it as the largest to date for the company within Italy. He underscored Enfinity's strategic objective of localizing energy production to meet the increasing demands from corporate and industrial clients better. This tailored approach aligns energy generation closer to consumption centers, reflecting a trend toward more efficient energy distribution.

The completed financing brings Enfinity Global’s total investment in Italy over the past two years to an impressive €1.3 billion. This growth supports the company’s broader strategy involving a pipeline of solar photovoltaic (PV) projects and storage capabilities in the country, with 564 MW currently under construction across Lazio and Emilia Romagna. Moreover, Enfinity is leading Italy's solar Power Purchase Agreement market, having established long-term agreements totaling 805 MW with various corporate, industrial, and utility buyers.

BNP Paribas also voiced their excitement about concluding their first project finance transaction with Enfinity. Thomas Beaumont, Head of Energy Origination EMEA at BNP Paribas, noted that they are looking forward to continuing to support Enfinity in their ambitious growth strategy, emphasizing their commitment to the renewable energy sector.

Simultaneously, ING, having a history of collaboration with Enfinity in Italy, reaffirmed their dedication to growing renewable energy financing internationally. They aim to reach a global renewable lending target of €7.5 billion annually by 2025. Diederik van den Berg, Managing Director of Global Lead Renewables Power, expressed optimism regarding this ongoing partnership.

Rabobank, another key collaborator, has celebrated this successful financial close, marking their third portfolio financing with Enfinity in Italy. Marc Schmitz, Head of Project Finance Europe and Asia at Rabobank, conveyed enthusiasm for the partnership with such a vital entity in the renewable energy field, reinforcing their commitment to expanding their presence and impact in Italy.

This ambitious solar project exemplifies the continuous evolution and growth of renewable energy ventures in Italy, underscoring the importance of partnerships among corporate entities and financial institutions in driving sustainability forward. With rapidly approaching operational timelines, the Enfinity solar plants signal a promising future for renewable energy in Italy, contributing significantly towards achieving environmental goals and enhancing energy independence.

The breadth of collaboration among advisors, including various legal and financial consultants, further solidifies the infrastructure supporting this expansive solar initiative, paving the way for future developments in Italy's renewable energy landscape.