Europe Solar PV News Snippets: N-Sun Energy Secures €405 Million For Italian Solar Portfolio & More
€405 million for Italian solar projects: N-Sun Energy, a solar development platform of Alantra Solar, has obtained €405 million in financing to expand its solar portfolio in Italy. The package includes a €355 million green loan from Intesa Sanpaolo to build 5 solar PV and agrivoltaic plants totaling 275 MW across Lazio, Puglia, and Sicily, and a €50 million corporate facility from Bankinter, guaranteed by CESCE. The projects are expected to be operational by 2027. Alantra says the deal strengthens N-Sun Energy’s 1.8 GW Southern Europe platform, which is backed by investors Reichmuth Infrastructure and Amundi Energy Transition.
EU grant for Finnish project: Nordic solar developer Alight has secured a multi-million-euro grant from the European Commission’s Innovation Fund 2024 for its 120 MW solar and 45 MW battery storage project in Loviisa, Finland, co-developed with 3Flash. Selected among 61 of 373 applicants, the agrivoltaic project will leverage AI and trackers to optimize output and land productivity. Expected to produce 155 GWh annually – enough to power 31,000 homes – it supports EU climate goals, said Alight. The 225-hectare project is in the zoning phase, with construction targeted for 2026 pending approvals (see 61 Net-Zero Technology Projects Win EU’s Innovation Fund).
UK solar projects change hands: BOOM Power, a solar company in the UK, has completed the sale of its 71 MW Firsfield Solar Farm in West Suffolk and 42.9 MW Osgodby Solar Farm in North Yorkshire to Enray Power. Both developments received planning approvals with strong biodiversity measures and were designed for long-term environmental stewardship. BOOM Power says that the transaction is part of its ongoing strategy to originate, design, and consent high-integrity renewable energy projects, then partner with companies like Enray Power to build them.
€25 million for Romanian project: Econergy Renewable Energy, a Europe-focused independent power producer (IPP) and developer, has signed a €25 million project-finance agreement with Vista Bank (Romania) for its 56 MW Scurtu Mare Solar Project in Teleorman County. The loan will refinance earlier shareholder and bridge loans from the Phoenix Group. The facility, maturing in 2040, carries an interest rate of 3-month EURIBOR, plus a margin of 2.5%–3.5%. As part of its hybridization strategy, Econergy plans to add a 42 MW battery storage system to the project, investing €12 million more, which is expected to generate €5 million in additional annual revenue and EBITDA of €4 million.
RE for data centers in Spain: TotalEnergies of France has signed a 10-year contract with European data center leader Data4 to supply 610 GWh of renewable electricity annually to its Spanish sites starting January 2026. The energy will come from new Spanish wind and solar farms with a combined capacity of 30 MW. These facilities will soon become operational. The agreement supports Data4’s goal of powering its operations with renewables as it invests €2 billion in expanding its Spanish campuses by 2030.
