Trina Solar secures €85M financing for 102MWp solar portfolio in Italy
USD85M
Deal Value
102 MW
Capacity
operating
Stage
Trina Solar (Italy) Systems, part of Trinasolar International Solution Business Unit (ISBU), has secured over €85 million in project financing from NORD/LB to develop and construct a 102MWp portfolio of solar PV projects across Italy. The portfolio includes utility-scale solar plants in Piedmont, Lazio, Tuscany, Sardinia, Apulia, and Sicily. Most projects are operational, with the remainder expected to be completed by Q3 2026. Trina Solar developed, is building, and will operate the projects, many of which benefit from 15-year corporate PPAs.
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Counterparts (9)
legal
Bird & Bird
Bird & Bird is an international law firm that advises clients on a variety of legal matters. They have expertise in areas such as environmental sustainability and legal operations.
Dla Piper
DLA Piper is a global law firm that provides legal advice and services to clients in the renewable energy industry. They advise on project development, financing, M&A, and regulatory matters.
Watson Farley Williams
Watson Farley & Williams is an international law firm with expertise in the energy, infrastructure, and transport sectors. They provide legal advice on complex, high-value transactions and disputes, combining legal analysis with commercial awareness.
advisor
Forvis Mazars
Forvis Mazars Group is a global professional services network specializing in audit, tax, and advisory services. They provide services to clients of all sizes across various sectors, including energy and infrastructure.
Aurora
Auroraeco is a travel company based in Brazil that specializes in customized private travel, creating unique itineraries for families, groups, and individuals. They focus on boutique hotels, outdoor activities, gourmet meals, and culturally vivid destinations within Brazil.
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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.
- €85 million project financing secured by Trina Solar from NORD/LB.
- 102MWp solar PV portfolio across six regions in Italy.
- Most projects are operational, with the remainder expected to be completed by Q3 2026.
- Involvement of experienced legal and financial advisors, including DLA Piper, Bird & Bird, and Forvis Mazars.
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