[PRESS RELEASE] Italy: EIB, Credit Agricole CIB, Natixis CIB, and REDEN agree to €264 million deal to finance one of the largest solar-plant portfolios

  • Up to 26 photovoltaic power plants with a total installed capacity of up to 255 MW to be built across Italy.
  • Once operational, the plants will produce approximately 470 GWh a year of renewable electricity, enough to meet the demand of more than 190 000 Italian households.
  • The operation will contribute to ambitious RepowerEU objectives and Italy’s renewable energy goals.
  • EIB will provide around €120 million of long-term financing. Crédit Agricole CIB and Natixis CIB acted as structuring mandated lead arrangers, bookrunners, hedging banks and green loan coordinators. Natixis CIB also acted as the sole underwriter. Crédit Agricole CIB is the agent bank and Crédit Agricole Italia the account bank.