Encavis Secures Funding for 351 MW Italian Solar Portfolio
Encavis has secured €282 million in non-recourse project financing for a 351 MW solar portfolio in Italy, comprising nine solar parks. The financing structure allows flexibility for future battery storage integration.
The portfolio includes the 265 MW Giotto portfolio and four additional projects totaling approximately 86 MW across Lazio, Puglia, Piemonte and Emilia-Romagna.
Encavis is a renewable energy company that develops, operates and manages wind, solar and battery storage projects across Europe.
Stern Energy, an Encavis subsidiary, is acting as EPC contractor for several projects and will provide operations and maintenance services across all nine plants.
Encavis acquired the Giotto portfolio in November 2025. The financing replaces the acquisition financing and supports development of the four additional projects.
Encavis’ internal Project Finance team structured and arranged the transaction. Bank of America, BayernLB, BNP Paribas, Rabobank, Deutsche Bank Luxembourg and UniCredit served as mandated lead arrangers, while Deutsche Bank entities handled issuing, agency and hedging roles.
Source: LinkedIn - Encavis
