Sunprime reaches 307 PV plants and activates first BESS in Piedmont, backed by 507M euro project finance
Type: Financing · Technology: Solar · Country: Italy · Capacity: 326 MW · Announced: 2026-09-17
Sunprime, an independent power producer active in commercial and industrial photovoltaics, has connected its 307th solar plant in Italy and simultaneously activated its first Battery Energy Storage System (BESS) at San Giorgio Canavese in Piedmont. Between July and August 2026, the company commissioned ten new plants totaling 11.7 MW across seven regions, bringing its total operational solar capacity to 326 MW. The headline transaction concerns a 507 million euro project finance deal signed in March 2026 with the European Investment Bank and Natixis Corporate & Investment Banking under the Progetto Sophocles framework, which finances approximately 200 photovoltaic plants with a combined 290 MW solar capacity paired with 350 MW of battery storage, targeting 416 GWh annual production. According to CEO Antonio Mazzitelli, the company aims to reach 750 MW of solar projects and 1,400 MWh of battery capacity operational by 2027, supported by a current construction pipeline of 1.4 GW. The deal marks a material expansion of Sunprime's portfolio and its integration of storage with solar assets.
Analysis
Sunprime secured a €507 million project‑finance facility from the European Investment Bank and Natixis Corporate & Investment Banking under the Progetto Sophocles framework to fund roughly 200 PV plants totalling 290 MW of solar capacity paired with 350 MW of battery storage in Italy. Natixis Corporate & Investment Banking, a Paris‑based corporate and investment bank, provides financing and advisory services to energy and environment clients across Europe. Sunprime Holdings, a Stockholm‑based independent power producer, develops over 1.5 GW of utility‑scale solar PV projects across Sweden, Spain, Italy and other European markets. The financing, signed in March 2026, covers approximately 200 photovoltaic plants with a combined 290 MW solar capacity and 350 MW of battery storage targeting 416 GWh of annual production. Sunprime connected its 307th solar plant and commissioned its first battery energy storage system at San Giorgio Canavese in Piedmont in July‑August 2026, bringing total operational solar capacity to 326 MW.
Key points
- €507 million project‑finance facility
- European Investment Bank and Natixis Corporate & Investment Banking as lenders
- 200 photovoltaic plants with 290 MW solar capacity
- 350 MW of battery storage targeting 416 GWh annual production
- Sunprime’s 307th solar plant and first BESS in Piedmont (July‑August 2026)
Counterparties
- Banca Europea per gli Investimenti (Lender)
- Natixis Corporate & Investment Banking (Lender)
- Sunprime Holdings (Developer)
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