ICG invests €400 million in to fund its near-term growth
Summary
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 Infras 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 Enfinitys management team to build and operate the existing projects in the long-term, whilst continuing to support organic and inorganic expansion.Guillaume d Engremont, Head of Infra at ICG, commented: We are excited to be partnering with Enfinity, a market-leading solar energy company, with a clear vision of supporting the transition to a net zero carbon economy. The investment underpins our approach of supporting entrepreneurial and visionary founders who are committed to making meaningful contributions to a more sustainable economy.Carlos Domenech, CEO of Enfinity Global, commented: We are very pleased to partner with ICG in order to accelerate the execution of our projects and address our customers 24/7 renewable energy needs. We are committed to being a net zero asset manager across our operations and relevant investments by 2040.ICG is listed on the London Stock Exchange (ticker symbol: ICP). 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.