Eco Holdco 1 S.r.l., wholly owned by EcoGreenDev (Lux) and jointly held by Econergy International LTD and INFRAGREEN IV managed by RGREEN INVEST, have signed a project finance agreement with UniCredit S.p.A. The agreement was valued at approximately €58 million. The financing supported a portfolio of 12 solar PV projects in Italy with an aggregate capacity of about 64.3 MW. It was Econergy’s first project-level financing in Italy. Financial close was expected for 8 projects of around 23 MW, with another 4 projects of about 41 MW to follow once they reached Ready-to-Build status. The financing structure included multiple facilities covering construction costs, VAT, guarantees, debt service, and a True-Up facility, with staged drawdowns across two clusters. The facility was intended to fund or refund construction and development costs, VAT, guarantees, debt service, and PPA-linked True-Up requirements. Econergy’s Italian operations accounted for a development pipeline of approximately 2.5 GW.