ENCAVIS Secures €200 Million for Italian Solar Portfolio Acquisition

ENCAVIS, a prominent European Independent Power Producer in the renewable energy sector, has successfully secured a €200 million non-recourse bridge financing to acquire the Italian solar portfolio "Giotto." The announcement was made on December 16, 2025. The Giotto portfolio, with a capacity of 265 MW, includes five solar parks located in Lazio and Puglia, with four having long-term power purchase agreements and one under a 20-year contract for difference.

UniCredit S.p.A., a major European bank, provided the financing, marking a crucial step for ENCAVIS. CEO Mario Schirru highlighted the importance of this collaboration in facilitating the acquisition and foresees structured long-term refinancing by mid-2026. This initiative reinforces ENCAVIS's commitment to expanding its renewable energy footprint across Europe.