What happens when long-term capital meets predictable renewable revenues? In Europe’s fast-maturing solar market, the answer is accelerated construction, lower risk, and greater investor confidence. Sosteneo Infrastructure Partners’ latest financing in Italy shows how structured capital can turn awarded and contracted projects into operating assets with lasting impact.

Sosteneo Infrastructure Partners has secured a financing package from ING and Bayerische Landesbank to support the construction of a solar portfolio in Italy. Structured at the portfolio level, the financing is backed by the stable and contracted cash flows generated by the underlying assets, reinforcing the role of bank-led funding in scaling utility-scale solar across Southern Europe.

The financing will be used for the construction and operation of two solar projects, San Nicola and Ramacca, located in different regions of Italy. Together, the portfolio represents 88 MW of installed capacity and reflects a balanced mix of auction-backed and merchant-style contracted assets.

San Nicola is a 20 MW solar project currently under construction and stands out as one of the winners of Italy’s FER-19 renewable energy auction, administered by the Gestore dei Servizi Energetici. Ramacca, a larger 68 MW solar plant, was originally developed by European Energy and acquired by Sosteneo in September 2023, strengthening its Italian footprint through a ready-to-build asset.

A key driver behind the portfolio financing is the strong revenue visibility secured by both projects. San Nicola benefits from a 20-year FER-19 tariff, offering government-backed price certainty over two decades. Ramacca, meanwhile, has signed a 12-year power purchase agreement, locking in predictable revenues through a long-term offtake arrangement.

These contracted structures significantly reduce merchant risk and make the portfolio attractive to lenders. In renewable finance, such visibility is essential, enabling banks to underwrite construction and operational risk with greater confidence. Project visuals, production forecasts, and cash flow models are often used in this phase to demonstrate stability and long-term performance.

Sosteneo was supported by a strong advisory team throughout the transaction. Chiomenti acted as legal advisor, Green Horse Advisory provided financial advisory services, Arcus Financial Advisors supported the financial structuring, and Fichtner delivered technical and strategic expertise. This coordinated approach ensured the financing aligned with both construction timelines and long-term operational goals.

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