February 25, 2025
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Rome – Trina Solar (Italy) Systems, Trinasolar International Solution Business Unit (ISBU)’s Italian company, has secured a project financing for more than €85 million (including ancillaries) to support the development and construction of a portfolio of solar PV projects for a total 102MWp in Italy. NORD/LB acted as Lender and Lead Arranger for the Transaction.
The financing covers a portfolio of utility-scale solar plants distributed across Italy, in the regions of Piedmont, Lazio, Tuscany, Sardinia, Apulia, and Sicily. The majority of the projects in the portfolio are already operational, while construction of the remaining projects is expected to finish in Q3 2026. These projects were developed, are being built, and will be operated by Trina Solar; many of the projects benefit from a long-term (15-year) corporate PPAs.
This portfolio represents a critical step in Italy’s renewable energy transition and aligns with the decarbonization goals of the European Green Deal.
Operational Status and Strategic Pipeline
Trinasolar’s expertise in managing the entire asset lifecycle is comprehensive, and includes development, structuring, financing, EPC, O&M and asset management. Most projects within the portfolio were developed in-house and some are already fully operational, while the remaining ones are in the final stages of construction and approaching commissioning. For most of the projects, the construction is managed by Trinasolar ISBU, and the offtake, a mix of incentive schemes and corporate PPAs, was also sourced and secured by Trinasolar ISBU.
Italy has been a core market for Trinasolar in EMEA for several years, and these projects represent the most advanced ones out of a substantial and mature development portfolio which will reach ready-to-build (RTB) status in the coming months, ensuring a steady pipeline of sustainable energy investments in both the Italian and European markets in the years ahead.
Environmental and Social Impact
Once fully operational, the 102 MW portfolio is anticipated to generate approximately 178.5 GWh of clean electricity annually. This is equivalent to:
Financial Leadership and Structure
The successful financial closing was supported by a team of specialist advisors, including:
Executive Perspectives
“This portfolio clearly demonstrates Trinasolar ISBU’s capability to advance projects from development to operation. With more than €85 million secured and a massive pipeline of RTB projects ready for execution, we are positioned to significantly scale our footprint in Italy and across Europe, providing clean and reliable energy to hundreds of thousands of homes. We are thrilled to partner with such a reliable and experienced financing partner like NORD/LB.” Leonardo Lotti, Head of EMEA, Trinasolar ISBU
“We are delighted to support Trinasolar in the development of its milestone solar portfolio in Italy. Financing projects that materially advance Italy and Europe’s renewable energy transition is a core part of our DNA, and this portfolio will significantly boost the country’s solar capacity and support progress toward upcoming net-zero targets.” – Pedro Capote-Martín, Senior Director Structured Finance Energy, NORD/LB
The transaction was successfully completed by the professional Trinasolar ISBU’s M&A and Structure Finance Team lead globally by Leonardo Lotti, Head of EMEA, Trinasolar ISBU, and David Wang, the Head of Project and Structured Finance of Trinasolar ISBU
About the Partners
About NORD/LB:
NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks, and a pioneer in renewable energy project finance since the 1990s, across more than 30 markets. As an institute under public law, it is part of the S-Finance Group. Its core business segments include corporate customers, special financing in the energy and infrastructure sectors, financing commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks, and private and commercial customers including private banking. The bank is based in Hanover, Braunschweig, and Magdeburg and has branches in Oldenburg, Hamburg, Schwerin, Düsseldorf, and Munich. Outside Germany, NORD/LB is represented by a Pfandbrief bank (NORD/LB Covered Bond Bank) in Luxembourg and by branches in London and New York.
About Trinasolar ISBU The International Solution Business Unit (ISBU) is the dedicated downstream arm of Trina Solar Co., Ltd. It focuses on the development, structuring, financing, EPC, O&M and asset management of advancing Solar, BESS, Data Centers, and Micro-grid development in the region., driving the world’s green journey towards carbon neutrality.
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