CaixaBank Corporate & Investment Banking has participated in the approximately €172 million financing for the development of a greenfield portfolio of 15 photovoltaic power plants in Italy, promoted by Qualitas Energy. The portfolio has a total installed capacity of 156 MWp and will contribute to accelerating the country's energy transition.

The transaction has been structured as a long-term project finance solution and includes a Term Loan, Debt Service Reserve Facility (DSRF), Letter of Credit (LC) Facility, and VAT Facility. This financing structure provides additional flexibility to support the potential acquisition of five additional photovoltaic projects in the future.

In this transaction, CaixaBank CIB acted as Bookrunner, Structuring Mandated Lead Arranger, Original Lender, Original LC Facility Lender, and Original Issuing Bank.

The financing underscores CaixaBank CIB's commitment to supporting high-quality renewable energy projects and fostering sustainable growth across Europe through tailored financing solutions that address the needs of the infrastructure and energy transition sectors.

With this transaction, Qualitas Energy continues to expand its renewable energy portfolio, helping to increase Italy's clean power generation capacity and support the decarbonisation of the country's energy system.

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