Infranity, one of the largest infrastructure debt investment specialists in Europe and part of the Generali Investments’ ecosystem of asset management firms, has originated, structured and executed a €120 million ($130 million) financing for the construction of a 178-megawatt portfolio of seven solar PV assets in Italy.
The portfolio is owned by Peridot Solar Ltd. (PSL), a portfolio company of FitzWalter Capital.
The transaction nurtures PSL’s target to reach 5 gigawatts of renewable capacity across Europe by 2026 by developing, building and operating renewable energy projects.
“This financing agreement with Infranity is a milestone in the history of PSL and the broader Italian solar market given its innovative structure,” said Massimo Sapienza, managing director at PSL. “The Italian solar industry continues its development and consolidation as a key contributor to Europe’s ambitious agenda, while PSL strengthens further its strong financial positi