closes €118 million financing for 101 MW in four solar power plants in Italy

Milan (Italy), December 4, 2023.- Enfinity Global Inc, a leader in renewable energy, today announced that it has closed 118 million in financing for the construction of 101 MW in four utility-scale solar power plants located in the region of Lazio (Italy), which are expected to become operational in 2024.UniCredit, BayernLB, and Siemens Financial Services through Siemens Bank have acted as mandated lead arrangers for each project financing through a club deal structure. The financing will provide 77 million of non-recourse senior debt, 41 million of VAT financing, and LC facilities for PPAs and PV modules.The positive environmental impact of these four plants will translate into the production of 172 GWh of clean electricity per year, enough to power 64,000 Italian homes and offset 69,000 tons of CO2 emissions, equivalent to the amount sequestered by 3,100 mature trees.We are delighted to partner with UniCredit, BayernLB, and Siemens Bank for this initial set of projects as we build our existing 4 GW portfolio in Italy, said Carlos Domenech, CEO of Enfinity Global. We congratulate Enfinity Global for their relentless efforts in promoting a cleaner and more sustainable energy landscape.Financing plays a key role in bringing large-scale ventures to life, especially when investing in capital-intensive infrastructure like solar power plants. They help us deliver excellence to our stakeholders and creating a sustainable future for our clients, our communities, and our people.As a streamlined specialized bank, BayernLB is a major investment lender for the Bavarian and German economies. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare.