Econergy secures €58 million financing for 64MW Italian portfolio from UniCredit
This transaction marks Econergy’s first project-level financing in the Italian market and underscores strong confidence of a tier-one European lender in the company’s development and execution capabilities.
Econergy is firmly established in the Italian market 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 13GW 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.
Eyal Podhorzer, CEO of Econergy, commented: “This financing agreement with UniCredit represents a significant milestone for 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.”
