Milan (Italy), 04 September 2025 – Enfinity Global Inc., a leading renewable energy company, today announced the successful financial close of €316 million for the construction of eight utility-scale solar power plants in Italy. With a combined capacity of 276 MW, the projects are strategically located across the regions of Emilia Romagna, Basilicata, and Lazio. The solar power plants are expected to be fully operational by the end of 2026.
The financing was arranged through a club deal structure, with ING, Rabobank, and BNP Paribas, acting as Mandated Lead Arrangers, Lenders, Original Hedging Counterparties and Green Loan Coordinators. The funding package includes €214 million in non-recourse senior debt alongside €101 million in facilities for VAT, letters of credit (LCs) for PPAs, PV modules and decommissioning obligations.
The energy generated by this new portfolio is expected to total approximately 403 GWh annually, resulting in an estimated reduction of 109,000 tons of CO₂e emissions each year. This is equivalent to the annual electricity consumption of around 150,000 Italian households.
“We are proud to partner with Rabobank, BNP Paribas, and ING to continue accelerating the energy transition in Italy,” said Carlos Domenech, CEO of Enfinity Global. “This milestone further validates our long-term vision and commitment to building a sustainable energy platform that enables our customers to access cost-competitive energy to propel their growth, while we drive investment to Italy and create new jobs.”
“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.”
This financing brings Enfinity Global’s total raised in Italy in the last two years to €1.3 billion, as the company advances its 8 GW pipeline of solar PV and storage projects in the country, including 564 MW currently under construction in Lazio and Emilia-Romagna. Enfinity currently leads Italy’s solar PPA market, having signed 805 MW of long-term agreements with industrial, corporate, and utility off-takers.
“BNPP Energy and Infrastructure is proud to close our first project finance transaction with Enfinity, marking the beginning of a strong partnership in the renewable energy sector. This landmark financing supports the deployment of a large-scale solar portfolio in Italy, reinforcing our commitment to accelerating energy transition in one of Europe’s most dynamic markets, further expanding our role as a leading player in the sector. We look forward to collaborating again with Enfinity to support their significant growth strategy worldwide”, commented Thomas Beaumont, Head of Energy Origination EMEA at BNP Paribas.
“ING is proud to again have been selected by Enfinity Global to assist in this important financing in Italy. This is ING’s third repeat mandate in Italy with Enfinity Global, demonstrating our shared ambition to grow renewable energy and excellent local capabilities in the market. ING remains committed to growing our renewables lending commitment globally to €7.5 billion annually by
2025 and we look forward to continuing the journey with Enfinity Global in renewables in Italy and elsewhere”, commented Diederik van den Berg, Managing Director, Global Lead Renewables &Power.
“Rabobank Project Finance congratulates Enfinity Global and our co-lenders BNP Paribas and ING on another successful financial close for the financing of a portfolio of solar PV assets in Italy. Following the successful close of the two financings last year, this is our third Italian portfolio financing with Enfinity Global. Rabobank is excited to work with such an experienced and large renewable energy player acting globally, and has enjoyed pleasant, efficient, and professional cooperation. This project further strengthens Rabobank’s ambition to be a leading player in the renewable energy sector globally and increases our footprint in Italy. We look forward to supporting Enfinity Global’s growth strategy as they continue to build out their portfolio of renewable energy assets”, said Marc Schmitz, Head of Project Finance Europe and Asia at Rabobank.
The deal was supported by a team of advisors, including Bondholders as Facility Agent and Documentary and Security agent, Gianni& Origoni as lenders’ legal advisor, Bird & Bird as borrower’s legal advisor, Astris Finance as financial advisor, Vector Renewables as technical advisor, PricewaterhouseCoopers as auditor advisor, and MAG Consulting Srl as insurance advisor.
About Enfinity Global
Enfinity Global Inc., together with its subsidiaries, is a leading U.S.-based renewable energy and sustainability services company that was established in 2019. The company owns a 36 GW portfolio of renewable energy and storage projects, including operational, under-construction, and development assets, with an additional 37 GW under negotiation across the U.S. With offices in the U.S., Europe, Japan, and India, Enfinity aims to contribute to a low-carbon economy. Enfinity’s leadership team is one of the most experienced global teams in renewables and brings over $41 billion of financing experience in the renewable energy sector with over 26 GW of developed and acquired solar and wind assets. www.enfinity.global / Follow Enfinity Global on LinkedIn
Important Notice
This press release contains projections and pro forma financial information based upon assumptions that are inherently uncertain and unpredictable. Actual results may differ materially from those discussed in, or implied by, the statements in this press release. This press release and any projections or pro forma information contained herein represent only our management’s current estimates as of the date of this release and have not been subject to independent audit. We assume no duty to update the information contained in this press release. We make no representation or warranty as to the accuracy or completeness of the information contained in this press release. Unless otherwise specified, all greenhouse gas or carbon offsets or equivalencies are based on the United States Environmental Protection Agency Greenhouse Gas Equivalencies Calculator.
