Econergy secures €58 million financing for 64MW Italian portfolio from UniCredit
Tel Aviv / Milan – 29 September 2025 – Econergy Renewable Energy Ltd. (“Econergy”), a leading European Independent Power Producer (IPP) and developer of renewable energy projects, announced the signing of its first project financing agreement in Italy. UniCredit S.p.A., who acted, inter alia, as Global Coordinator & Bookrunner and Structuring Mandated Lead Arranger, has committed approximately €58 million to support the construction of a 64MW portfolio of 12 solar PV projects across Italy.
This transaction marks Econergy’s first project-level financing in the Italian market and underscores strong confidence of a tier-one European lender in the company’s development and execution capabilities.
Econergy is firmly established in the Italian market and is currently advancing an Italian pipeline of approximately 2.5 GW, making Italy one of its strategic growth markets within a wider European pipeline of over 13GW comprised of solar PV and wind, alongside energy storage projects.
The UniCredit financing is aligned with additional financing processes currently under negotiation and underscores the Company’s financial resilience and commitment to expanding its portfolio of operational and under-construction projects across Europe.
Eyal Podhorzer, CEO of Econergy, commented: “This financing agreement with UniCredit represents a significant milestone for Econergy. It reflects the confidence of one of Europe’s leading financial institutions in our ability to deliver renewable energy projects at scale. Italy is a strategic growth market for us, with a ~2.5 GW pipeline, and this deal strengthens our commitment to driving the energy transition across Europe.”
About Econergy
Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~13GW, Econergy is at the forefront of driving Europe’s renewable energy transition.
The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream.
