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Enfinity Global secures €500 million to develop 1.5 GW solar portfolio in Italy

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Spanish renewable energy company Enfinity Global has secured a €500 million ($558 million) deal to develop and construct a 1.5 GW solar asset portfolio in Italy. The investment has been structured through a club deal involving a consortium of partners, including Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and the Queensland Investment Corporation (QIC).

Infranity investment director Garbiñe Unda Barturen expressed a strong commitment to supporting Enfinity’s growth in the renewable energy sector, highlighting the substantial financing provided for Enfinity’s solar photovoltaic (PV) assets in Italy. The financing package also includes an “accordion” feature, which could increase the investment to €800 million.

Enfinity is developing 4.8 GW of solar and energy storage projects across various stages in Italy. Currently, the company is constructing 416 MW of power generation capacity across 17 projects, each secured with long-term power purchase agreements from investment-grade clients.

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