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.