Enfinity Global Secures €165 Million Financing for Utility-Scale Solar Projects in Italy

Enfinity Global Inc., a prominent renewable energy leader, has successfully closed €165 million in financing for three utility-scale solar power plants in Italy's Lazio region. These solar farms, boasting a combined capacity of 147 MW, are slated for completion by 2026. Energy production will be secured under long-term power purchase agreements (PPAs) with a global technology provider, cementing Enfinity's position as a major player in Italy's green energy transition.

Key Financing Partners and Structure

The financing was facilitated through a club deal structure, with ING and Rabobank serving as lead arrangers. The funding comprises:

• €114 million in non-recourse senior debt,

• €51 million for VAT financing, and

• Letter of Credit (LC) facilities to cover PPAs, photovoltaic modules, and decommissioning.

  
  

This collaboration underscores the shared vision of Enfinity and its financial partners to accelerate renewable energy deployment.

Environmental Impact: Reducing Carbon Footprints in Italy

The solar projects will collectively reduce carbon emissions by 79,500 tons annually, equivalent to removing over 62,000 cars from Italian roads each year. This milestone reflects Enfinity’s dedication to achieving global climate goals and supporting Italy's sustainable energy ambitions.

Enfinity’s 2024 Milestones: Leading Solar Energy in Italy

In 2024, Enfinity secured a remarkable €865 million to fuel its 4.8 GW portfolio of solar PV and storage projects in Italy. The company also leads Italy’s independent power producer (IPP) market with 805 MW of permitted solar projects and dominates the solar PPA market, having signed 535 MW of agreements with leading corporations and utilities.

"We are grateful to ING and Rabobank for their steadfast support in advancing our portfolio in Italy," said Carlos Domenech, CEO of Enfinity Global. "Together, we aim to empower companies and governments to achieve their energy transition targets."

Strategic Partnerships with Financial Leaders

Both ING and Rabobank expressed enthusiasm for collaborating with Enfinity:

• ING’s Diederik van den Berg highlighted the alignment of renewable energy ambitions and geographical footprints with Enfinity’s vision.

• Rabobank’s Marc Schmitz commended the professional cooperation and reiterated the bank's commitment to supporting Enfinity's global growth.

  
  

Advisory Excellence Supporting the Deal

The financial close was backed by a team of expert advisors, including:

• Albion (documentary and security agent),

• Gianni & Origoni (lenders' legal advisor),

• DWF (borrower's legal advisor),

• Astris Finance (financial advisor),

• Fichtner Italia (technical advisor), and

• Marsh (insurance advisor).

  
  

About Enfinity Global

Founded in 2019, Enfinity Global is a U.S.-based renewable energy company with a robust 26.8 GW portfolio of operational, under-construction, and development projects. The company also manages an additional 33 GW in earlier development stages worldwide, underscoring its commitment to building a sustainable energy future.