In a major boost for renewable energy, Enfinity Global Inc. has secured €500 million in financing to drive the development and construction of 1.5 GW of solar power plants across Italy. This landmark investment positions Enfinity as a leading force in Italy’s transition to a sustainable, carbon-neutral energy landscape.
The innovative financing deal, structured as a club deal, brought together top-tier investors including Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and Queensland Investment Corporation (QIC). The agreement also features an accordion option, which could increase the total financing to €800 million, further expanding Enfinity’s solar ambitions.
Enfinity Global, already a significant player in the renewable energy sector with a 4.8 GW portfolio of solar and energy storage projects in Italy, sees this investment as a key step in fulfilling its long-term vision. “We are grateful to Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management and QIC for their investment and partnership in building this uniquely positioned 1.5 GW portfolio,” said Carlos Domenech, CEO of Enfinity Global. “The energy transition to a sustainable, carbon-neutral economy that powers the future requires significant investments. At Enfinity, we take a long-term view as a responsible asset owner, creating value by being a one-stop solution for customers, investors, and partners.”
Currently, Enfinity is constructing 416 MW across 17 projects in Italy, all backed by long-term power purchase agreements (PPAs) with investment-grade customers. These efforts are part of Enfinity’s broader global portfolio, which spans 25.1 GW and includes key markets where deep energy needs align with strategic investments.
Ricardo Diaz, Americas CEO and Global Head of Capital at Enfinity Global, highlighted the importance of capital formation in advancing their renewable energy initiatives: “As Enfinity advances and expands its existing 25.1 GW global portfolio, capital formation plays an instrumental enabling role. We are focused on serving deep energy markets with the right fundamentals and partnering with strategic investors and leading financial institutions.”
The investment partners are equally committed to supporting the growth of renewable energy. Garbiñe Unda Barturen, Investment Director at Infranity, remarked, “Infranity is a very committed and deeply experienced investor in the renewable energy sector in Europe. As such, we are very pleased to support the growth of our partner Enfinity by providing substantial financing to their portfolio of solar PV assets in Italy. Future capital needs to finance further energy transition are very substantial, and Infranity will continue to actively support it.”
This significant funding effort underscores Enfinity Global’s role in shaping the future of renewable energy in Italy, as it continues to build a robust portfolio that not only meets but anticipates the growing demand for clean energy solutions.
For more details on Enfinity Global’s projects and partnerships, visit Enfinity Global. This latest financial milestone highlights the company’s ongoing commitment to leading the energy transition and its strategic focus on scaling solar power across key global markets.