Nord/LB closes financing for 75 MW Italian solar portfolio sponsored by Aiem Green Srl and Impax New Energy Investors IV

Nord/LB has committed project financing for a 75 MW Italian solar portfolio, comprising 21 individual plants currently in the construction stage. This capital injection enables sponsors Aiem Green Srl and Impax New Energy Investors IV to progress these assets towards operation in Italy. The financing structure for this portfolio incorporates a mixed revenue profile, a critical element for de-risking the construction phase for the German Landesbank. Securing funding for 21 separate solar plants at this stage demonstrates lender confidence in the Italian solar market and the sponsors' execution capabilities. The mixed revenue stream likely balances merchant exposure with more stable contracted income, providing a robust framework for Nord/LB's structured finance division. For Nord/LB, a German Landesbank specializing in structured finance and syndications, this transaction aligns with its investment strategy in European renewables. Aiem Green Srl, a Milan-based developer established in 2011, significantly advances its Italian portfolio with this financing. The 75 MW portfolio represents a substantial portion of Aiem Green Srl's authorized capacity, which stands at over 100 MWp in Italy. Aiem Green Srl's broader pipeline includes over 300 MWp in development, indicating a sustained focus on utility-scale solar PV projects across Italy. This financing, announced on 2026-03-10, demonstrates ongoing lender appetite for construction-stage solar assets in Italy, even with mixed revenue profiles.