Enfinity Global Inc., a renewable energy company has successfully finalized a €165 million finance agreement to construct a portfolio of three utility-scale solar power projects in the Lazio area of Italy. The 147 MW projects, powered by long-term power purchase agreements with a global supplier, will begin operations by 2026.

ING and Rabobank arranged the financing through a club deal structure, acting as lenders and mandated lead arrangers. The deal includes €114 million in non-recourse senior debt, €51 million for VAT financing, and letters of credit (LC) facilities to cover PPAs, photovoltaic modules, and decommissioning costs.

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Environmental Impact

The new solar portfolio will reduce carbon emissions, cutting approximately 79,500 tons of CO2 annually. The projects align with Enfinity’s commitment to fostering a cleaner, greener future through renewable energy.

Also read: Enfinity Global Secures €500 Million for 1.5 GW Solar Project in Italy

Enfinity’s Ongoing Growth in Italy

Marc Schmitz, Head of Project Finance Europe at Rabobank said, “Rabobank Project Finance congratulates Enfinity on another successful Financial close in Italy, and is very happy to have supported them by providing financing together with ING for this portfolio of 3 solar PV projects in the Lazio region in Italy. Rabobank is excited to work with such an experienced and large renewable energy player acting globally and has enjoyed pleasant, efficient, and professional cooperation.”

He added, “This project further strengthens Rabobank’s ambition to be a leading player worldwide and increases our footprint in Italy. We look forward to supporting their growth strategy globally as they continue to build out their portfolio of renewable energy assets.” 

Additionally, Enfinity secured €865 million in funds to enhance its portfolio of solar PV and storage projects in Italy. With 805 MW of authorized solar projects, the company is Italy’s top independent power producer (IPP), and it has 205 MW of solar power currently in operation. Enfinity is also the market leader in Italy for solar PPAs, having signed 535 MW contracts with utilities like A2A and Statkraft as well as big companies like Feralpi and Nova AEG.

The European Investment Bank (EIB) Group has announced a €3 billion financing package to support agriculture, forestry, and fisheries across Europe. EIB President Nadia Calviño announced that the initiative will unlock €8.4 billion in bioeconomy investments through leveraged financial contributions.

The EIB’s largest financing package will extend over three years, with initial loans expected by mid-2025. It mainly focuses on small and medium-sized enterprises (SMEs) and mid-cap companies in agriculture.

Much of the funding focuses on supporting young and new farmers to overcome challenges in accessing traditional financing. Female farmers will also receive specific support to reduce gender gaps in the sector. Furthermore, the package emphasizes investments in green projects, aligning with the European Union’s sustainability objectives.

Also read: EIB Approves €250 Million Loan for Infrastructure Projects in Madrid

Boosting Sustainable Farming and Resilience

The funding supports investments in soil health, water management, climate resilience, digital tools, young farmers, and EU gender balance goals.

Christophe Hansen Commissioner for Agriculture and Food said, “I welcome the strong commitment of EIB in favour of the EU farming community, especially for young farmers and women farmers. Bridging the financing gap in the sector is vital, and with the EIB Group’s support we are giving agriculture the tools to thrive and grow.”

He added, “We will closely work with the EIB to make sure that this financing opportunity is taken up on the ground and delivers results. Together, we are securing a sustainable future for the sector.”

The package ensures favourable loan terms by incorporating interest rate subsidies and capital grants supported by EU and national budgets. The EIB will offer advisory support through the Green Gateway program and Green Eligibility Checker, assessing green projects’ impact.

Also read: EIB Commits $80 Million to African Infrastructure Fund to Drive Sustainable Development

Strengthening Climate Adaptation and Insurance

The EIB Group’s financing initiative, part of the EU’s “Strategic Dialogue on the Future of EU Agriculture,” supports innovation, agritech, and sustainable farming. The plan offers loans for technology, agritech private equity, guarantee schemes, expanded farmer lending, and investments in rural infrastructure.