Enfinity Global In Deal For €400 million equity investment From ICG

ICG, the global alternative asset manager, today announced that its Infrastructure team has signed a definitive agreement with Enfinity Global, a leader in renewable energy, to make a €400 million equity investment to fund Enfinity’s near-term growth and the execution of its business strategy.

This investment will bolster the US based Enfinity Global’s balance sheet to accelerate the completion of its 17GW portfolio, including 7.3 GW of energy storage assets. With 1 GW of operational assets globally, the company is one of the fastest growing independent power producers, and the leading renewable energy developer in Italy.

The investment further underpins ICG Infra’s strategy of investing in market leading businesses within the renewable energy sector in Europe and the US which have an active role in supporting the transition to net zero. ICG Infra will work with Enfinity’s management team to build and operate the existing projects in the long-term, whilst continuing to support organic and inorganic expansion.This investment is expected to close promptly upon receipt of relevant regulatory approvals.

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Enfinity Global Inc., together with its subsidiaries, is a US-based leading renewable energy and sustainability services company established in 2018. The company owns a portfolio of 17 GW of renewable energy production and storage projects, including operational assets, under construction, and in different stages of development. With offices across US, Asia, and Europe.