Trina Solar secures €85M financing for 102MWp solar portfolio in Italy

Trina Solar's securing of €85 million in project financing from NORD/LB for a 102MWp solar PV portfolio in Italy underscores the continued investment in renewable energy infrastructure within the country. The financing will support the development and construction of utility-scale solar plants across six regions, with most projects already operational and the remainder expected to be completed by Q3 2026. Trina Solar is developing, building, and will operate the projects, many of which benefit from 15-year corporate PPAs, indicating a long-term commitment to the Italian solar market. The involvement of legal advisors such as DLA Piper and Bird & Bird, alongside financial advisors such as Forvis Mazars, Howden, and Aurora, further highlights the complexity and sophistication of the transaction. This deal is notable for its size, the involvement of a major player like Trina Solar, and the geographical diversity of the portfolio across Italy. The financing structure, provided by NORD/LB, demonstrates the bank's continued confidence in the solar sector and its willingness to support large-scale renewable energy projects. The presence of corporate PPAs further enhances the project's financial stability and attractiveness to investors. The deal also reflects the growing trend of vertically integrated renewable energy companies like Trina Solar developing, constructing, and operating their own projects.