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€507 million solar push in Italy backed by InvestEU

By

[email protected] (Nathalie PAULGER)

2mo ago

Source

ema.europa.eu€507 million solar push in Italy backed by InvestEUeuropa.eu
Snippet from the RSS feed
The European Investment Bank (EIB), making available up to €271 million in financing, has signed a project finance operation worth up to €507 million to support Project Sophocles in Milan. Natixis Corporate & Investment Banking (Natixis CIB) and Sunprime Holdings S.r.l. are participating alongside the EIB. Backed by the InvestEU programme, the initiative will deploy rooftop and solar photovoltaic (PV) plants combined with battery energy storage systems (BESS) across Italy. The project will boost grid flexibility, facilitate the integration of renewable energy and strengthen the resilience of the Italian electricity system.

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