Enfinity Global Secures €500 Million for 1.5 GW Solar Project in Italy

Enfinity Global Inc., a renewable energy company, announced that it has achieved a financial close on €500 million in financing for its latest venture.  

This funding, part of an innovative combined deal arrangement, will support the development and construction of 1.5 gigawatts (GW) of solar power assets in Italy.  

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The deal involves collaborating with major investors such as Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and Queensland Investment Corporation (QIC). 

Additionally, the financing structure includes an accordion option, enabling Enfinity to increase the total amount to €800 million if needed. 

“We are grateful to Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management and QIC for their investment and partnership in building this uniquely positioned 1.5 GW portfolio,” said Carlos Domenech, CEO of Enfinity Global.”

He added, “The energy transition to a sustainable, carbon-neutral economy that powers the future requires significant investments. At Enfinity, we take a long-term view as a responsible asset owner, creating value by being a one-stop solution for customers, investors, and partners.” 

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Enfinity currently holds a portfolio of 4.8 GW of solar and energy storage projects in various stages of development in Italy.  

In addition, the renewable energy company is currently working on building 416 megawatts (MW) across 17 projects. These projects have long-term PPAs with investment-grade customers.