MILAN, Sept. 3, 2024 /PRNewswire/ — Enfinity Global Inc, a leader in renewable energy, today announced that it has closed € 189.6 million in financing for the construction of 157.1 MW in eight utility-scale solar power plants located in the regions of Lazio and Emilia Romagna (Italy), which are expected to become operational in 2025.
BayernLB, ING, and Rabobank acted as mandated lead arrangers for the project financing through a club deal structure. The funding will provide € 127.4 million of non-recourse senior debt, € 17.1 million of VAT financing, and € 45.1 million in LC facilities for PPAs, PV modules and dismantling.
The energy produced by the portfolio will be commercialized through long-term Power Purchase Agreements (PPA) recently signed with A2A, Nova Aeg and another important Italian industrial customer. Its environmental impact will translate into producing 271 GWh of clean electricity per year, enough to…
