Europe’s biggest solar gigafactory 3Sun secures €560 million financing from EIB and pool of Italian banks led by UniCredit and backed by SACE

PIF today announced that it has raised US$3 billion-equivalent in dual-tranche credit facilities guaranteed by SACE, Italy’s export credit agency. The transaction will further expand trade and create new cooperation opportunities within PIF’s ecosystem to procure goods and services from Italian suppliers.

SACE, the Italian Export Credit Agency owned by the Ministry of Economy and Finance, and the State of Western Australia have signed a Memorandum of Understanding (MoU) to strengthen economic and industrial cooperation, with a particular focus on critical minerals and strategic supply chains. The agreement was signed by Guglielmo Picchi, Chairman of SACE, and Rebecca Brown PSM, Director General, representing the State of Western Australia.