Madrid, December 2023 - We are pleased to announce the closing of a €118 million 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. Astris has advised Enfinity Global, a leader in renewable energy. The company owns a portfolio of 20 GW of renewable energy and storage projects in different stages of development.

This unique and innovative financing brings several important benefits for Enfinity Global in terms of structure, leverage, and cash flow stability. 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.

Astris Finance acted as exclusive financial advisor to Enfinity Global Inc. This closing is a testimony of both Astris’ premier position in renewable energy financings in Europe and its successful expansion into the Italian market.