Global law firm Ashurst has advised a club of investors in relation to a EUR500m financing that will fund the development and construction of 1.5 GW of solar assets in Italy.
The club of five lenders comprised of Infranity, Rivage, Schroders Capital, QIC, and BNP Paribas Asset Management in relation to an IPP financing of Enfinity Global.
The financing was put in place for the purposes of funding the development and construction of 1.5 GW of Enfinity Global's solar assets in Italy. Enfinity Global is a US-based leading renewable energy and sustainability services company with a 25.1 GW portfolio of renewable energy and storage projects, including operational assets, under construction, and in different stages of development. With offices across the US, Europe, Japan, and India, the company aims to make a significant contribution to a sustainable net-zero carbon economy.
The Ashurst cross border team was led by infrastructure finance partner Laura Ho supported by senior associate Kavisha Bilimoria and associates Arjun Kiri and Jacob Olamiju. The Italian team was led by partner Umberto Antonelli and supported by partner Elena Giuffrè.
Partner Laura Ho said: "We are delighted to have advised the club of investors on this significant transaction for Enfinity. It is testament to the strength of the Ashurst platform across finance and renewables that places our practice at the forefront of complex IPP financings."
