Enfinity Global Signs PPAs For 420 MW RE Supply In Italy

Highlights :

  • Enfinity’s leadership team brings over $41 billion of financing experience in the renewable energy sector, with over 26 GW of developed and acquired solar and wind assets
  • It leads the solar PPA market in Italy, having contracted 805 MW over the last two years with major corporations and industrial customers
Enfinity Global Signs PPAs For 420 MW RE Supply In Italy Enfinity Global

United States (US) based Enfinity Global has signed Power Purchase Agreements (PPAs) in Italy with a US technology company to supply renewable energy from a 420 MW portfolio of solar PV projects. The company has contracted 805 MW over the last two years in Italy, with major corporations and industrial customers. Enfinity is currently Italy’s leading independent power producer (IPP) as measured by permitted projects, according to the “Q4 Dev&Deals report” published by Elemens.

Enfinity Global is a U.S.-based renewable energy and sustainability services company established in 2019. The company owns a 35.5 GW portfolio of renewable energy and storage projects, including operational, under-construction, and development assets, with an additional 37 GW under negotiation across the United States. Enfinity’s leadership team brings over $41 billion of financing experience in the renewable energy sector, with over 26 GW of developed and acquired solar and wind assets.

“We are pleased to continue supporting our customers across diverse sectors in Italy as they advance their energy transition,” said Carlos Domenech, CEO of Enfinity Global.

Enfinity Global Gets First BESS Financing In Europe, Closes €100Mn Bond

Enfinity Global earlier this year closed the company’s first financing of its battery energy storage system (BESS) portfolio in Europe. The company secured up to €100 million bond facility to support its energy storage and solar PV projects deployment across Europe. Under the latest order, the company would develop a 6.4 GW BESS pipeline—including 5.1 GW in Italy and 1.3 GW in the UK.  The facility is being provided by Eiffel Investment Group, an independent asset manager focused on sustainable investments, through four of its investment vehicles.

This transaction is also the company’s first financing of its battery energy storage system (BESS) portfolio in Europe, where it is developing a 6.4 GW BESS pipeline—including 5.1 GW in Italy and 1.3 GW in the UK. Energy storage is a key component of Enfinity’s goal to deliver 24/7 renewable energy solutions to corporate and industrial customers while contributing to grid resilience.

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