Spain’s Enfinity Global to Acquire 400 MW Solar Projects in USA

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Leading renewable energy player in Spain, Enfinity Global has announced that it has entered into a definitive agreement with Switzerland’s independent global asset management firm Capital Dynamics (advised by Barclays) to acquire a 400 MW utility-scale solar power portfolio in the United States.

Enfinity Global said that the solar power portfolio consists of 28 operational solar PV power plants in California, North Carolina and Idaho. The portfolio reached COD within the last five years and holds long-term Power Purchase Agreements (PPAs) with high-quality utility off-takers.

Enfinity Global claims to be one of the fastest growing developers and owners of renewable energy assets, with a portfolio of over 5 GW of power plants in operation, under development and under construction in energy markets.

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Carlos Domenech, Chief Executive Officer, Enfinity Global, said, “Our long-term ownership business model allows us to partner with relevant investors, stakeholders and customers, aligning capabilities that create a zero-carbon future. Our ability to deploy operational expertise across the entire renewables value chain, coupled with our international presence, translates into value creation for our investors and customers.”

Ricardo Diaz, CEO Americas of Enfinity Global, stated, “This transaction represents a unique opportunity to acquire a high-quality, geographically diversified portfolio of operating assets. We believe the U.S. market will continue to consolidate, allowing long-term asset owners to grow rapidly and benefit from efficiencies. We will continue to pursue further investment opportunities in the U.S. with top-tier partners.”

Diaz further held, “Our purpose is to create a fully integrated platform with a complete suite of in-house development, financing, construction, operations and asset management capabilities. To this end I am happy to see that top talent shares our vision and culture and are joining us.”

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Enfinity Global

Enfinity Global, together with its subsidiaries, claims to be America’s leading renewable energy and sustainability services company established in 2018.the company focuses on developing, financing, building, operating, and owning renewable energy assets.

Enfinity Global said that its leadership team brings over $37 billion of financing experience in the renewable energy sector and over 15 GW of developed and acquired solar and wind assets. Its total funding to date, excluding this acquisition, exceeds $1B. Enfinity has operations across the US, Asia, and Europe and the company develops sustainable solutions that help achieve zero-carbon footprints worldwide.