European Investment Bank and Societe Generale provide €153 million financing for 137MW Sand Solar project in Sicily
Type: Financing · Technology: Solar · Country: Italy · Capacity: 137 MW · Value: EUR 153M · Announced: 2026-04-08
The European Investment Bank (EIB) committed up to €70 million and Societe Generale provided up to €83.34 million in financing to support the construction and operation of the 137MW Sand Solar photovoltaic project in Sicily. The project, developed by Peridot Solar—a FitzWalter Capital portfolio company—will include a 5km underground 30kV connection line linking to a new 220kV substation currently under development. Construction is scheduled to commence in April 2026, with commercial operations expected by mid-2027. The financing aligns with the EU's REPowerEU plan, targeting Italy's green transition and regional development. EIB Vice-President Gelsomina Vigliotti highlighted the deal's role in accelerating clean energy deployment and attracting private investment.
Counterparties
- Peridot Solar (Borrower)
- FitzWalter Capital (Parent Company)
- European Investment Bank (Lender)
- Societe Generale (Lender)