UniCredit S.p.A., who acted, inter alia, as Global Coordinator & Bookrunner and Structuring Mandated Lead Arranger, has committed approximately 58 million euros to support the construction of a 64 MW portfolio of 12 solar PV projects across Italy.
This transaction marks Econergy’s first project-level financing in the Italian market. The company is already firmly established in Italy and is currently advancing an Italian pipeline of approximately 2.5 GW, making Italy one of its strategic growth markets within a wider European pipeline of over 13 GW comprised of solar PV and wind, alongside energy storage projects.
The UniCredit financing is aligned with additional financing processes currently under negotiation and underscores the Company’s financial resilience and commitment to expanding its portfolio of operational and under-construction projects across Europe.
“This financing agreement with UniCredit represents a significant milestone for Econergy” said Eyal Podhorzer, CEO of Econergy. “It reflects the confidence of one of Europe’s leading financial institutions in our ability to deliver renewable energy projects at scale. Italy is a strategic growth market for us, with a ~2.5 GW pipeline, and this deal strengthens our commitment to driving the energy transition across Europe.”
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