Rubis Photosol has signed its first project financing operation in Italy for a 43 MWp agrivoltaic portfolio in the Lazio region, with financing structured by BPCE Energeco and Crédit Agricole Transitions & Énergies, alongside other banking partners.
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Counterparts (8)
Lender
LCL
company
LCL Data Centers is a leading Belgian provider of highly secure, reliable, and sustainable data center services. They offer colocation, connectivity, and cloud solutions to a wide range of enterprises, focusing on operational excellence and energy efficiency across their five facilities in Belgium.
Crédit Agricole Leasing & Factoring
company
Crédit Agricole Leasing & Factoring is a specialized financial services subsidiary of Crédit Agricole S.A., providing leasing and factoring solutions primarily to businesses. They are a major player in France and Europe, supporting companies with equipment financing, real estate leasing, and working capital solutions across various sectors, including a strong focus on energy transition and infrastructure.
Crédit Agricole Centre France
company
Crédit Agricole Centre France is a regional mutualist bank within the Crédit Agricole Group, serving the Centre France region. It provides a full range of banking services, including financing for local businesses and public entities, actively supporting regional economic development and the energy transition through project finance.
Crédit Agricole Italia
company
Crédit Agricole Italia is the Italian banking group of Crédit Agricole S.A., offering a comprehensive range of banking services. In the infrastructure sector, it primarily functions as a lender and financial advisor, participating in project finance for various infrastructure assets, with a strong focus on Italy and sustainable development, leveraging the broader Crédit Agricole Group's expertise.
B
Natixis S.A.
company
Natixis S.A., through its Corporate & Investment Banking (CIB) arm, is a leading global financial institution providing a wide range of services including project finance, M&A advisory, and debt capital markets for infrastructure assets. They focus on financing large-scale projects across energy transition, digital infrastructure, transport, and utilities sectors globally. Natixis Investment Managers, a subsidiary, also manages funds with infrastructure allocations.
Crédit Agricole Transitions & Énergies
company
Crédit Agricole Transitions & Énergies focuses on investments in the energy transition sector, supporting projects that contribute to a more sustainable future. They aim to facilitate the shift towards cleaner energy sources and environmentally responsible infrastructure.
Deal Analysis
Rubis Photosol has successfully secured project financing for a 43 MWp agrivoltaic portfolio in Italy's Lazio region, marking its inaugural project financing operation in the country. The financing, structured by BPCE Energeco and Crédit Agricole Transitions & Énergies, alongside a syndicate of other banking partners including Crédit Agricole Leasing & Factoring, Crédit Agricole Italia, Crédit Agricole Centre France, LCL, and Natixis S.A., underscores strong financial confidence in the project and the developer's expansion strategy. This deal, announced on 2026-03-05, represents a significant step for Rubis Photosol in the Italian renewable energy market.
The deal is notable for its focus on agrivoltaic technology, which integrates solar power generation with agricultural activities, optimizing land use—a critical consideration in densely populated regions. The substantial capacity of 43 MWp for an agrivoltaic project highlights the growing scale and viability of such hybrid solutions. The involvement of a robust syndicate of lenders, particularly Crédit Agricole Transitions & Énergies, which specializes in energy transition investments, further emphasizes the project's alignment with sustainable development goals and its perceived low-risk profile.
This transaction occurs within a dynamic Italian solar market that is increasingly embracing innovative solutions like agrivoltaics to meet renewable energy targets while addressing land availability constraints. The successful financing of this portfolio positions Rubis Photosol as a key player in Italy's evolving energy landscape, contributing to the country's clean energy transition through a multi-functional land-use approach.
- Rubis Photosol's first project financing operation in Italy.
- Development of a 43 MWp agrivoltaic portfolio, combining solar energy with agriculture.
- Financing structured by BPCE Energeco and Crédit Agricole Transitions & Énergies, with a broad syndicate of lenders.
- Focus on innovative agrivoltaic technology in the Lazio region of Italy.
Source Intelligence
KEY DETAILS
The installations will also valorize nearly 35 hectares of agricultural land, notably through beekeeping activities carried out in partnership with local actors. This portfolio is part of the dynamic of the Italian National Recovery and Resilience Plan (PNRR), which supports the development of renewable energies and agrivoltaic solutions. Quote: "Les installations permettront également de valoriser près de 35 hectares de terres agricoles, notamment grâce à des activités apicoles menées en partenariat avec des acteurs locaux. Ce portefeuille s’inscrit dans la dynamique du Plan national de relance et de résilience (PNRR) italien, qui soutient le développement des énergies renouvelables et de solutions agrivoltaïques."
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Capacity
portefeuille agrivoltaïque de 43 MWc
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Location
en Italie, portant sur un portefeuille agrivoltaïque de 43 MWc dans la région du Latium
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Announcement
mars 5, 2026
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Signing
annonce la signature de sa première opération de financement de projet en Italie
PARTIES MENTIONED IN SOURCE
R
Rubis Photosol
developer
"Rubis Photosol réalise sa première opération de financement de projet en Italie"
B
BPCE Energeco
lender
"L’opération, conclue avec BPCE Energeco et Crédit Agricole Transitions & Énergies"
C
Crédit Agricole Transitions & Énergies
lender
"L’opération, conclue avec BPCE Energeco et Crédit Agricole Transitions & Énergies"
B
BPCE Energeco
arranger
"Le financement a été structuré par BPCE Energeco et Crédit Agricole Transitions & Énergies"
C
Crédit Agricole Transitions & Énergies
arranger
"Le financement a été structuré par BPCE Energeco et Crédit Agricole Transitions & Énergies"
C
Crédit Agricole Leasing & Factoring
arranger
"aux côtés de Crédit Agricole Leasing & Factoring, intervenant en qualité d’arrangeurs mandatés"
N
Natixis S.A.
hedging bank
"Natixis S.A., Crédit Agricole Centre France et LCL sont intervenus en tant que banques de couverture"
C
Crédit Agricole Centre France
hedging bank
"Natixis S.A., Crédit Agricole Centre France et LCL sont intervenus en tant que banques de couverture"
L
LCL
hedging bank
"Natixis S.A., Crédit Agricole Centre France et LCL sont intervenus en tant que banques de couverture"
C
Crédit Agricole Italia
account bank
"Crédit Agricole Italia agit comme banque teneuse des comptes du projet"
medium quality
Enriched Mar 5, 2026