October 23, 2024

BNZ’s first multinational Total IPP Financing (TIPPF) of over €680M, in the media

BNZ has successfully secured €680 million through Europe’s first multi-country Total IPP Financing (TIPPF), a major milestone for the company as it continues its rapid expansion of solar photovoltaic (PV) projects across Spain, Italy, and Portugal. 

The financing includes a senior debt facility and ancillary credit facilities totalling €420 million and a Holdco financing facility of up to €260 million. This will enable BNZ to develop its renewable energy portfolio in Southern Europe, with a target of over 1.7 GW by 2026.

The announcement has attracted widespread media attention, with coverage from over 20 international, national, and regional outlets. Key publications include El Economista, Europa Press, Forbes, and PV Magazine in Spain, as well as Il Sole 24 Ore in Italy and Jornal Económico in Portugal. The media highlighted the importance of this financing milestone for BNZ’s growth, its contribution to the renewable energy transition in Southern Europe, and the company’s positive social and environmental impact.

The wide media coverage reflects the growing recognition of BNZ’s role in shaping the future of renewable energy in Europe.

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