N-Sun Energy secures €228M project finance from Mitsubishi UFJ Financial Group for six PV plants in Italy and Spain
Type: Financing · Technology: Solar · Country: Italy · Capacity: 248 MW · Value: $228M · Announced: 2026-03-13
N-Sun Energy secured €228M in project finance from Mitsubishi UFJ Financial Group for the development and construction of six photovoltaic plants across Italy and Spain. This financing enables N-Sun.
Analysis
Global financial giant Mitsubishi UFJ Financial Group has committed €228 million in long-term project finance to N-Sun Energy, the renewable platform formed by Alantra and Solarig. This funding targets a 248 MW portfolio of six photovoltaic plants across Italy and Spain, notably including one Italian asset already operational. The deal provides crucial backing for N-Sun's ambitious 1.2 GW solar pipeline in Italy, with the remaining five plants expected online by late 2026.
Key points
- €228 million project finance from Mitsubishi UFJ Financial Group.
- 248 MW portfolio includes one operational plant in Italy (Lazio region).
- Financing supports N-Sun Energy's broader 1.2 GW pipeline in Italy.
- Portfolio split across Italy (4 plants) and Spain (2 plants).
Counterparties
- Solarig (Parent Company)
- Alantra (Parent Company)
- N-Sun Energy (Borrower)