Enfinity Global secures US$428 million to fund 17GW portfolio

Enfinity Global secures US$428 million to fund 17GW portfolio

The investment will help complete its 17GW portfolio. Image: Getty

US renewable energy company Enfinity Global has signed a €400 million (US$428.3 million) agreement with asset manager ICG to spur near-term growth.

This investment will bolster Enfinity Global’s balance sheet to accelerate the completion of its 17GW renewable energy production and storage projects. According to ICG, its infrastructure team ICG Infra will also work with Enfinity Global’s management team to build and operate the existing projects in the long-term, whilst “continuing to support organic and inorganic expansion”.

(The above content is reproduced from pv-tech,By Simon Yuen)

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Post time: Sep-08-2023