Enfinity Global enters into $135M financing to build 1.2 GW of advanced solar and wind power plants in India
Summary
MIAMI, May 16, 2024 /PRNewswire/ -- Enfinity Global Inc., a leader in renewable energy, today announced that it has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. "Solar and wind power are two vital renewable energy sources and India offers a strong pipeline for such opportunities. We are pleased to partner with Enfinity Global on these projects by providing long-term and flexible capital that we believe will provide a promising source of long-term returns for the CPP Fund", said Geoffrey Souter, Managing Director, Head of Real Assets Credit at CPP Investments.This financing reiterates Enfinitys long-term commitment to India and its ability to attract foreign capital and promote local know-how to support national decarbonization targets. The company owns a portfolio of 22.4 GW of renewable energy and storage projects, including operational assets, under construction, and in different stages of development. With offices across US, Europe, Japan, and India, the company aims to make a significant contribution to a sustainable net zero carbon economy.