Vexuvo Secures €39M UniCredit Financing to Drive Agrivoltaic and Storage Expansion in Italy

The financing with UniCredit, worth over 39 million euros, accompanies the growth path of Vexuvo which, in three years, has developed a pipeline of approximately 3 GW between agrivoltaic projects and energy storage systems (BESS).

Supporting growth and innovation in the renewable energy sector and accelerating the energy transition to contribute to Italy’s energy independence. This is the goal of Vexuvo, a national operator active in the development, design, construction, and management of agrivoltaic and storage plants, which has finalized a project finance transaction with UniCredit worth a total of €39.3 million.

Vexuvo plans to build for agrivoltaic plants in Italy

The transaction will involve the construction of four agrivoltaic plants with a total installed capacity of approximately 33 MW, distributed across Puglia (approximately 12 MW), Calabria (approximately 9.2 MW), and Veneto (approximately 11.8 MW).

“We believe the energy transition should translate into a concrete development opportunity for local communities, creating infrastructure that coexists with agricultural activity, attracts investment, and generates environmental, economic, and social benefits,” said Andrea Cristini, CEO and Co-Founder of vexuvo. “This is the vision that guides vexuvo’s growth and will continue to guide our development plan in the coming years.”

The transaction is part of a growth path that, in just three years of operation, has led vexuvo to build a pipeline of approximately 3 GW, consisting of over 800 MW of agrivoltaic projects and 2.2 GW of Battery Energy Storage System (BESS) projects, establishing itself as one of the most dynamic operators in the energy transition sector. 2025 marked a year of strong consolidation of the company’s industrial plan.

Vexuvo finalized an agreement with a leading international operator for the sale of 1.5 GW of storage projects, of which 364 MW have already been authorized, and has significantly advanced its agrivoltaic pipeline, obtaining authorization for approximately 100 MW of new plants, 30 MW of which are currently under construction. In addition, environmental authorizations have been obtained for an additional 190 MW, and the Technical Commission of the Ministry of the Environment and Energy Security has approved approximately 140 MW of additional projects.

The company has also entered the main competitive procedures in the sector, winning 64 MW in the Advanced Agrivoltaic tender, 14 MW in the FER X Transitory tender and 47 MW in the FER X NZIA tender, confirming the competitiveness of its development platform.

“For UniCredit, supporting vexuvo means contributing to the construction of plants where renewable energy generation doesn’t detract from agriculture but is designed to coexist with it,” said Ferdinando Natali, UniCredit’s Regional Manager for Southern Italy.

“In Puglia, Calabria, and Veneto, where energy potential is linked to significant agricultural supply chains, this integration can unlock investments, expertise, and new development prospects for local economies. Project finance is the most suitable tool when growth relies on tangible assets, a solid project framework, and sustainable financial flows over time.”

__

(Featured image by Harisankar via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in ESG NEWS. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.