Who financed a portfolio of solar PV assets in Italy?
"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.
Who leads Italy's solar PPA market?
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.
How much money has enfinity Global raised in Italy?
This financing brings Enfinity Global's total raised in Italy in the last two years to EUR1.3 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.
Will Ing grow its renewables lending commitment by ?
ING remains committed to growing our renewables lending commitment globally to EUR7.5 billion annually by 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.
When will solar power plants be fully operational?
The solar power plants are expected to be fully operational by the end of . 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.
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