Matrix Renewables, the TPG Rise-backed global renewable energy company, announced the closing of €40 million (~$41.36 million) in non-recourse financing with UniCredit. The funding will support the construction and development of a solar project portfolio totaling 40 MW. The portfolio comprises six projects located across Italy, including Sicily, Campania, and Lombardia. The projects began construction in September 2024, and commercial operations are expected to start in the first quarter of 2025.