Intesa Sanpaolo joins $290m financing for energy storage in Nevada
1 April, 2026
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, joined a $290 million financing for the Roccasecca battery energy storage project in Boulder City, Nevada.
The financing is part of the sale of the Roccasecca project by IOWN Energy, on behalf of its client Eolus North America, to DESRI, one of the leading independent power producers.
Supporting complex energy financing
The operation, in detail:
- the transaction supports the construction and operation of a 127 MW / 506 MWh battery energy storage system, currently under construction
- the Roccasecca project is expected to reach commercial operation in 2026
- once operational, the project will improve operational efficiency and grid flexibility in the southwestern US energy market.
Within the financing, the IMI CIB Division, together with other international banks, acted as Coordinating Lead Arranger.
“Intesa Sanpaolo confirms its commitment to supporting the development of advanced energy infrastructure in the United States. Energy storage is a key element of the energy transition and Intesa Sanpaolo is pleased to provide its project finance capabilities and sector expertise to support projects that contribute to a more sustainable and resilient energy system”
Nicola Doninelli, Head of Distribution Platforms & GTB of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division
IMI CIB as a key player in project finance in the United States
The IMI CIB Division continues to support strategic infrastructure initiatives, leveraging its structuring capabilities, extensive experience across energy sectors and a well-established international presence.
The transaction is part of the Bank’s broader track record in financing renewable energy projects across the United States, including the Big Muddy project in Illinois, one of the largest photovoltaic plants in the Midwest. This confirms the Group’s contribution to the development of the sustainable energy market in the Americas.
Transactions such as this confirm Intesa Sanpaolo’s role in promoting investments in low-impact infrastructure in key global markets, strengthening the Bank’s positioning as a partner of choice in the transition to more sustainable energy systems.
Last updated 1 April 2026 at 11:58:17
