Infranity backs Redball Energy with $50m US solar financing

Generali Investments’ Infranity agreed on 3 August to provide $50m in financing for Redball Energy, a US-based solar developer and operator, in a deal that will support both the partial refinancing of existing debt and new project construction.

The transaction adds capital to Redball’s distributed solar portfolio in the United States, which Infranity said has been built in attractive local markets. It also gives the company room to continue expanding its portfolio while funding new solar projects.

The deal fits Infranity’s push into North America after it opened its first New York office, formed Infranity NA LLC and appointed a dedicated regional debt team led by Paul Colatrella. Infranity is part of the Generali Investments ecosystem and says it manages more than €10 billion for institutional investors.

Infranity’s debt strategy has been built around infrastructure assets with insurer-friendly capital treatment in mind, and the Redball financing follows that approach by backing operating solar assets rather than early-stage development.

Sources: assets.ctfassets.net · generali-investments.com