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Economy
24 January 2024

Italy: Europes biggest solar gigafactory 3Sun secures 560 million financing from EIB and pool of Italian banks led by UniCredit and backed by SACE

Source: eib.org

3Sun, Enel Green Power's photovoltaic cell and modules production gigafactory, has secured a 560 million euro financial package to back the expansion of its production capacity, in a significant milestone for Europe’s energy transition and security. The financing was made possible through a collaborative effort between the European Investment Bank (EIB), supported by InvestEU, and a pool of Italian banks, led by UniCredit and comprising BPER Banca (Corporate & Investment Banking) and Banco BPM, backed by SACE.

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