European Investment Bank and Societe Generale provide €153 million financing for 137MW Sand Solar project in Sicily

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.

Counterparts (4)

borrower

Peridot Solar

company

parent_company

FitzWalter Capital

company

Lender

European Investment Bank

company

The European Investment Bank is the lending arm of the European Union, providing finance and advisory services for projects across the EU and globally, with a focus on climate action, innovation, security, and social infrastructure.

Societe Generale

company · 2 deals

Societe Generale has participated in two verified deals, focusing on renewable energy. They acted as a lender in a $1.1 billion solar project in Saudi Arabia and formed a joint venture partnership targeting renewable energy assets, including solar, onshore wind, and storage.