Enfinity secures EUR 25m for Italian solar projects
- Enfinity Global Inc secures EUR 25 million for 134 MW solar projects in Italy's Lazio region, powering 85,000 homes with 225 GWh annual output.
Enfinity Global Inc, a US-based renewables specialist, has secured EUR 25 million in debt financing to support the construction of 134 MW of solar projects in Italy's Lazio region. The funding was provided by pan-European asset manager Sienna Investment Managers, adding to previously arranged financing totaling EUR 162 million with international banks.
The portfolio includes four photovoltaic parks in Viterbo province, with a combined annual output of 225 GWh, enough to power around 85,000 Italian homes. The projects are expected to be commissioned gradually starting in the second quarter, with generation already contracted by Norwegian utility Statkraft under a 10-year power off-take deal. Enfinity Global currently has 235 MW of solar projects under construction in Italy and 2.1 GW in advanced permitted stages.
What is the total capacity of Enfinity Global's solar projects in Italy's Lazio region?
- The total capacity of Enfinity Global's solar projects in Italy's Lazio region is 134 MW.
- The portfolio consists of four photovoltaic parks in Viterbo province.
- The combined annual output of the projects is 225 GWh.
- The projects are expected to power around 85,000 Italian homes.
- Generation from the projects is already contracted by Norwegian utility Statkraft under a 10-year power off-take deal.