Enfinity Global Completes Acquisition of 400MW Solar Energy Portfolio, Signaling Ambitious Plan to Develop 7GW of Renewable Assets Across the Globe

Enfinity Global has officially completed the acquisition of an extensive 400MW portfolio of solar energy plants. Located in California, North Carolina, and Idaho, the 28 operational projects are contracted under long-term power purchase agreements with investment grade utility offtakers and expected to yield a substantial EBITDA yearly. The acquisition is a part of Enfinity’s ambitious plan to develop 7GW of renewable energy assets throughout the globe. The deal was supported by experienced financial partners Nomura and AB CarVal, both of which provided co-financing for the purchase. In addition, CCA Capital LLC and McDermott Will & Emery offered advice on the transaction. Carlos Domenech, CEO of Enfinity Global, expressed his gratitude for this opportunity: We thank Capital Dynamics for allowing us to work together with our investment partners. To successfully transition towards sustainable energy sources, investments need to be instilled in accordance with large capital requirements. CEO Americas Ricardo Diaz also gave his appreciation to co-financing allies: We are delighted by the confidence Nomura and AB CarVal have placed in us. Our presence in US markets will only expand further through our 1.6GW collection of private projects – plus more investments into renewable energy developers.

Summary

• Enfinity Global has completed the acquisition of a 400MW operational utility-scale solar portfolio.
• The portfolio holds long-term power purchase agreements with investment grade utility offtakers.
• Enfinity Global is expanding their presence in the US market by executing their 1.6GW proprietary pipeline of projects and pursuing further investment opportunities.

What is the total amount of renewable energy investments made in the US in 2021?

The total amount of renewable energy investments made in the US in 2021 was over $100bn.

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Picture source: Bill Mead