Teike Lands €73M Green Loan to Light Up Italy’s Smart Cities
Italian energy service company Teike has secured €73 million in green project financing from UniCredit. The deal, closed in January 2026, will fund the firm’s expansion in public lighting and smart city services across Italy. UniCredit led the transaction, acting in multiple roles, including global coordinator and green loan coordinator.
Teike, the third-largest independent player in Italy’s public lighting sector, manages around 160,000 light points across over 110 municipalities. Its operations span regions such as Veneto, Lombardy, Tuscany, and Apulia. The company’s long-term contracts with public authorities generate inflation-linked cash flows, providing lenders with financial predictability.
The financing package includes a SACE green guarantee, reducing risk for lenders while aligning with climate-focused infrastructure goals. The loan will support Teike’s growth strategy, including acquisitions and new contracts, while refinancing existing debt. Alessandro Giussani, Teike’s CFO, highlighted the company’s role as a key partner for municipalities seeking to modernise aging infrastructure and cut electricity demand. Italy’s national energy transition targets, backed by EU frameworks, create strong demand for energy efficiency solutions. Municipalities increasingly favour turnkey upgrades with guaranteed service contracts, allowing them to manage capital spending more effectively. Teike’s platform offers a scalable model for delivering these projects, positioning it as a critical player in Italy’s push for sustainable urban infrastructure.
The €73 million deal accelerates Teike’s expansion while reinforcing UniCredit’s commitment to green financing. With SACE’s risk protection and Italy’s focus on energy efficiency, the transaction sets a template for future climate-aligned investments in public infrastructure. The funding will help Teike grow its municipal partnerships and advance Italy’s 2030 energy transition goals.
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