![Milbank LLP [Chris Esposito]](https://www.milbank.com/a/web/tTusCY3kePHQ4gtcrXNush/8Nh6TU/esposito-chris-lon-web.jpg "Milbank LLP [Chris Esposito]")
Milbank LLP represented Enfinity Global Inc, as sponsor, in connection with the €500 million HoldCo financing of its portfolio of solar panel projects in Italy. The facility includes an accordion tranche which allows the entire financing to be increased up to €800 million, making it one of the largest financings of its type in the European market.
Enfinity Global is a leading developer of sustainability services with an emphasis on renewable energy. Its core business is to implement solutions to achieve a net-zero carbon footprint and enable a sustainable transition to a carbon-free economy worldwide. Enfinity currently owns a portfolio of 4.8 GW of solar and energy storage projects in various stages of development in Italy, which positions the company as one of the leading independent power producers serving end customers in the country.
The London based Milbank deal team was led by Global Project, Energy and Infrastructure Finance partner John Dewar and supported by special counsel, Seyda Duman, senior associate David Thomas, associate Christopher Esposito and trainee solicitor Duncan Moore.
