N-Sun Energy secures €228M project finance from Mitsubishi UFJ Financial Group for six PV plants in Italy and Spain

N-Sun Energy, a platform by Alantra and Solarig, has secured €228 million in long-term project finance from Mitsubishi UFJ Financial Group (Mufg) for a portfolio of six photovoltaic plants totaling approximately 248 MW. The portfolio includes four plants in Italy (Lazio region) and two in Spain, with one Italian plant already operational and the remaining three expected to be commissioned by the end of 2026. This financing supports the development of N-Sun Energy's broader 1.2 GW pipeline in Italy.

Counterparts (4)

parent_company

Solarig

company

Solarig is a global renewable energy company focused on developing, constructing, and operating solar photovoltaic (PV) plants and other renewable energy projects. They aim to provide clean energy solutions and contribute to a sustainable future through their projects worldwide.

Alantra

company · 2 deals

Alantra is an international financial services firm providing investment banking and alternative asset management services to corporations, family-owned companies, and institutional investors. They operate across EMEA, the Americas, and Asia.

Lender

Mitsubishi UFJ Financial Group (MUFG)

company

Mitsubishi UFJ Financial Group (MUFG) is a global financial services group headquartered in Tokyo, Japan, with approximately 160,000 employees and over $2.6 trillion in total assets. It provides comprehensive financial services, including corporate and investment banking, with a strong focus on project finance and advisory for infrastructure and energy projects worldwide.

borrower

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N-Sun Energy

company

Noida-based N-Sun Energy is a solar energy company established in 2010, specializing in EPC and O&M services for utility-scale, commercial, industrial, and residential solar projects. The company has commissioned over 100 MW of solar capacity primarily across India.