Enfinity Global Inc. has accomplished the acquisition of a 400 MW operational utility-scale photo voltaic portfolio, marking a milestone within the growth of the corporate in the US.
In September 2022, Enfinity signed a definitive settlement with Capital Dynamics to amass a diversified contracted portfolio, consisting of 28 operational photo voltaic PV energy vegetation positioned in California, North Carolina and Idaho, producing roughly $45 million per yr.
The portfolio includes long-term energy buy agreements (PPAs) with funding grade utility off-takers. It produces 1,175 GWh of unpolluted electrical energy per yr.
“The U.S. alone invested over $100 billion in renewable vitality in 2021,” mentioned Carlos Domenech, CEO of Enfinity. “To achieve the vitality transition, sound investments should be aligned to capital in scale.”
Headquartered in Miami, Enfinity World is likely one of the fastest-growing buyers, homeowners, operators and builders of renewable vitality property, with an current world portfolio of greater than 7 GW of energy vegetation in operation, beneath building and in several levels of improvement in vitality markets with robust fundamentals.
Funds managed by AB CarVal, a longtime world different funding supervisor, and Nomura, a world monetary establishment, acted as cofinancing companions to Enfinity.
“We’ll proceed to increase our presence within the U.S. market by executing our 1.6 GW proprietary pipeline of initiatives and pursuing additional funding alternatives each in M&A transactions and agreements with renewable vitality builders,” mentioned Ricardo Díaz, CEO Americas of Enfinity.
Enfinity World was suggested on this transaction by an advisory crew from CCA Capital LLC and a authorized crew at McDermott Will & Emery LLP.
Different lenders who offered funding at closing included Bayerische Landesbank, New York Department, Commonwealth Financial institution of Australia, Fifth Third Financial institution, Nationwide Affiliation and Zions Bancorporation N.A.