Renewables: Intesa Sanpaolo joins over €950m financing for Enviromena
28 May 2026
Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, has participated in an £825 million financing, equivalent to more than €950 million, for Enviromena to support the development of renewable energy projects in the United Kingdom.
The transaction represents one of the largest deals in the UK solar sector in 2026 and will contribute to the energy transition, security of supply and the deployment of low-emission solutions.
Enviromena, owned by Arjun Infrastructure Partners, operates in the development, construction and management of large-scale solar plants and energy storage systems in the United Kingdom and across Europe.
Financing to accelerate solar capacity in the United Kingdom
The financing structure includes an initial £525 million tranche, equivalent to approximately €606 million, aimed at the immediate development of photovoltaic plants with a total capacity of around 1 GW. The transaction also includes an additional facility of up to £300 million, more than €346 million, which may be progressively drawn depending on project progress.
The expansion of photovoltaic capacity is considered strategic to achieving the UK government’s energy targets, strengthening energy security and reducing long-term energy costs.
Intesa Sanpaolo’s support for the energy transition
The transaction confirms Intesa Sanpaolo’s role as a leading financial partner in major international markets for the development of sustainable energy infrastructure and decarbonisation projects.
“In the United Kingdom, we continue to support large-scale initiatives in the renewables sector, leveraging specialist expertise, structuring capabilities and a strong international network, with the aim of making a tangible contribution to the energy transition, security of supply, and the deployment of low-emission solutions”
Nicola Doninelli, Head of Distribution Platforms & GTB of Intesa Sanpaolo’s IMI CIB Division
IMI CIB strengthens its presence in the UK infrastructure market
In recent years, the IMI CIB Division has strengthened its presence in the United Kingdom through transactions across major infrastructure sectors:
- financing in the construction sector for groups including Balfour Beatty, Kier Group and Morgan Sindall
- support for UK port operators including Associated British Ports and Peel Ports Group
- participation in the Liverpool Bay CO₂ Transportation & Storage project, an integral part of the HyNet programme
- recent transactions supporting National Grid, National Gas and Southern Gas Networks.
Through an integrated and long-term approach, Intesa Sanpaolo - led by Ceo Carlo Messina - continues to support the development of resilient, efficient and sustainable infrastructure, helping clients and partners advance the energy transition and the adoption of low-emission solutions.
Last updated 29 May 2026 at 10:06:59
