Latest news with #EnfinityGlobal
Yahoo
14 hours ago
- Business
- Yahoo
Enfinity Global sells minority stakes in two BESS projects
Enfinity Global has divested 49% of its interest in two significant battery energy storage system (BESS) projects, with a combined capacity of 380MW, to Daiwa Energy & Infrastructure. The projects, located in the US and Italy, will enhance grid resilience and meet increasing power demands. The US-based project is situated in the Houston zone of the Electric Reliability Council of Texas area and has a 250MW BESS with a two-hour duration and 500 megawatt hours (MWh) capacity. Located in the Veneto region, the Italian project comprises a 130MW BESS with a four-hour duration and 520MWh capacity. Operations for both projects will commence by 2027. Enfinity Global maintains a controlling stake of 51% and is tasked with overseeing the development, construction and long-term asset management of both projects. Enfinity Global CEO Carlos Domenech stated: 'We are honoured to partner with Daiwa Energy & Infrastructure, one of Japan's leading financial institutions, to bring new investments to the USA and Italy. 'This is a win-win outcome and creates a demonstrable case study, strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors.' The partnership with Daiwa will bolster infrastructure to support data centres, AI and industrial electrification in both regions. Legal aspects of the transaction were managed by Winston & Strawn and DLA Piper for Enfinity Global, while Daiwa Energy & Infrastructure sought counsel from Orrick Herrington & Sutcliffe, Ensight Energy Consulting and Ernst & Young. Enfinity's global head of capital and general manager for the Americas Ricardo Diaz stated: 'We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimise returns.' In a related development, Enfinity Global secured a €100m ($112.2m) bond facility from Eiffel Investment Group to propel the deployment of energy storage and solar photovoltaic projects across Europe. "Enfinity Global sells minority stakes in two BESS projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cision Canada
3 days ago
- Business
- Cision Canada
Enfinity Global Sells Minority Stakes in 380 MW Energy Storage Projects in the US and Italy to Daiwa Energy & Infrastructure
MIAMI, June 4, 2025 /CNW/ -- Enfinity Global Inc., a leading renewable energy company, has sold c. 49% minority interest in two large-scale battery energy storage system (BESS) projects totaling 380 MW to Daiwa Energy & Infrastructure Ltd. (DEI), an alternative asset management arm of Daiwa Securities Group Inc., one of leading financial institutions in Japan. Enfinity Global retains c. 51% controlling stake and will be responsible for completing the development and construction, as well as serving as the long-term asset manager for both projects. The first project, located in the USA in the Houston zone of ERCOT, is a 250 MW BESS with a two-hour duration and 500 MWh capacity. The second project, located in the Veneto region of Italy, is a 130 MW BESS with a four-hour duration and 520 MWh capacity. Both projects are expected to begin operations by 2027. The global collaboration between Enfinity and Daiwa on these two projects will help strengthen grid resilience and support the growing power demands of data centers, artificial intelligence, and industrial electrification in both the USA and Italy. "We are honored to partner with Daiwa Energy & Infrastructure, one of Japan's leading financial institutions, to bring new investments to the USA and Italy," said Carlos Domenech, CEO of Enfinity Global. "This is a win-win outcome and creates a demonstrable case study; strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors." "With the current favorable environment for energy storage worldwide, driven by increasing renewable power generation capacity and robust electricity demand led by data centers, we believe this partnership represents a significant step for DEI to further expand its renewables and storage portfolio on a global scale. Enfinity Global is an outstanding partner and is well positioned to capitalize on the rapidly growing renewables and energy storage markets around the world," commented Jun Hayakawa, Deputy President of DEI. "We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimize returns", commented Ricardo Diaz, Global Head of Capital of Enfinity Global and General Manager for Americas. Enfinity Global is a fast-growing U.S.-based independent power producer (IPP) with a globally diversified portfolio of 35.5 GW, including 20.9 GW of solar and wind projects and 14.6 GW of battery energy storage systems (BESS). The company currently has 1.1 GW of operational assets and an additional 1.2 GW under construction. Enfinity was supported by Winston & Strawn and DLA Piper as legal counsel on this transaction. Daiwa Energy & Infrastructure was advised by & Sutcliffe, Ensight Energy Consulting, and Ernst & Young.
Yahoo
3 days ago
- Business
- Yahoo
Enfinity Global Sells Minority Stakes in 380 MW Energy Storage Projects in the US and Italy to Daiwa Energy & Infrastructure
MIAMI, June 4, 2025 /PRNewswire/ -- Enfinity Global Inc., a leading renewable energy company, has sold c. 49% minority interest in two large-scale battery energy storage system (BESS) projects totaling 380 MW to Daiwa Energy & Infrastructure Ltd. (DEI), an alternative asset management arm of Daiwa Securities Group Inc., one of leading financial institutions in Japan. Enfinity Global retains c. 51% controlling stake and will be responsible for completing the development and construction, as well as serving as the long-term asset manager for both projects. The first project, located in the USA in the Houston zone of ERCOT, is a 250 MW BESS with a two-hour duration and 500 MWh capacity. The second project, located in the Veneto region of Italy, is a 130 MW BESS with a four-hour duration and 520 MWh capacity. Both projects are expected to begin operations by 2027. The global collaboration between Enfinity and Daiwa on these two projects will help strengthen grid resilience and support the growing power demands of data centers, artificial intelligence, and industrial electrification in both the USA and Italy. "We are honored to partner with Daiwa Energy & Infrastructure, one of Japan's leading financial institutions, to bring new investments to the USA and Italy," said Carlos Domenech, CEO of Enfinity Global. "This is a win-win outcome and creates a demonstrable case study; strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors." "With the current favorable environment for energy storage worldwide, driven by increasing renewable power generation capacity and robust electricity demand led by data centers, we believe this partnership represents a significant step for DEI to further expand its renewables and storage portfolio on a global scale. Enfinity Global is an outstanding partner and is well positioned to capitalize on the rapidly growing renewables and energy storage markets around the world," commented Jun Hayakawa, Deputy President of DEI. "We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimize returns", commented Ricardo Diaz, Global Head of Capital of Enfinity Global and General Manager for Americas. Enfinity Global is a fast-growing U.S.-based independent power producer (IPP) with a globally diversified portfolio of 35.5 GW, including 20.9 GW of solar and wind projects and 14.6 GW of battery energy storage systems (BESS). The company currently has 1.1 GW of operational assets and an additional 1.2 GW under construction. Enfinity was supported by Winston & Strawn and DLA Piper as legal counsel on this transaction. Daiwa Energy & Infrastructure was advised by Orrick Herrington & Sutcliffe, Ensight Energy Consulting, and Ernst & Young. SOURCE Enfinity Global
Yahoo
21-05-2025
- Business
- Yahoo
Enfinity Global secures $112m bond for energy storage projects in Europe
Renewable energy company Enfinity Global has announced the closure of a €100m ($112.2m) bond facility to support the deployment of energy storage and solar photovoltaic (PV) projects throughout Europe. Eiffel Investment Group, an asset manager focusing on sustainable investments, is providing the facility through four of its investment vehicles. The transaction represents Enfinity Global's inaugural financing for its battery energy storage system (BESS) portfolio in Europe. Enfinity is developing a 6.4GW BESS pipeline: 5.1GW in Italy and 1.3GW in the UK. Enfinity Global general manager for Europe Julio Fournier Fisas stated: 'Enfinity Global continues to expand its renewable energy footprint, leveraging our expertise to accelerate the clean energy transition while delivering reliable and cost-effective solutions for the European market.' Energy storage plays a crucial role in Enfinity's strategy to offer round-the-clock renewable energy solutions to corporate and industrial customers, while also enhancing grid resilience. Enfinity Global has secured €865m for its European ventures through junior and senior debt agreements. Enfinity Global CEO Carlos Domenec stated: 'The future of competitive low carbon energy solutions relies on innovation of technologies and financing supported by market leaders.' Recognised as one of Italy's top ten independent power producers (IPP) by installed capacity, the company has 232MW operational, 538MW under construction and 805MW of approved solar capacity. Eiffel Investment Group Infrastructure Funds head Pierre-Antoine Machelon stated: 'Building a long-term relationship while structuring a tailor-made financing is at the heart of Eiffel DNA. This transaction highlights our commitment to providing financial solutions to accelerate decarbonisation in Europe.' In January 2025, Enfinity Global secured 2GW of connectivity for utility-scale solar PV and wind projects in India, expanding its renewable energy portfolio. "Enfinity Global secures $112m bond for energy storage projects in Europe" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Cision Canada
20-05-2025
- Business
- Cision Canada
Enfinity Global closes €100 Million Bond with Eiffel to Accelerate Energy Storage and Solar PV Projects in Europe
MIAMI, May 20, 2025 /CNW/ -- Enfinity Global Inc., a leader in renewable energy, today announced the successful closing of an up to €100 million bond facility to support the deployment of its energy storage and solar PV projects across Europe. The facility is being provided by Eiffel Investment Group, an independent asset manager focused on sustainable investments, through four of its investment vehicles. This transaction marks a significant milestone, that underscores the platform's quality for investors and Enfinity's execution capabilities. It is also the company's first financing of its battery energy storage system (BESS) portfolio in Europe, where it is developing a 6.4 GW BESS pipeline—including 5.1 GW in Italy and 1.3 GW in the UK. Energy storage is a key component of Enfinity's strategy to deliver 24/7 renewable energy solutions to corporate and industrial customers while contributing to grid resilience. "We are thankful to Eiffel Investment Group for supporting the growth of our Italian platform," said Carlos Domenech, CEO of Enfinity Global. "The future of competitive low carbon energy solutions relies on innovation of technologies and financings supported by market leaders," he added. " We are proud to support Enfinity Global in its growth," said Pierre-Antoine Machelon, head of Infrastructure Funds at Eiffel Investment Group."Building a long-term relationship while structuring a tailor-made financing is at the heart of Eiffel DNA. This transaction highlights our commitment to providing financial solutions to accelerate the decarbonization in Europe." Enfinity Global's has currently secured €865 million for Europe through multiple junior and senior debt agreements. The Company ranks among Italy's top 10 independent power producers (IPP) by installed capacity, with 232 MW operational, 538 MW under construction, and 805 MW of approved solar capacity. Enfinity also leads Italy's solar PPA market, having signed one-third of all the new capacity contracted in 2024 [1]. "Enfinity Global continues to expand its renewable energy footprint, leveraging our expertise to accelerate the clean energy transition while delivering reliable and cost-effective solutions for the European market," commented Julio Fournier Fisas, General Manager of Enfinity Global for Europe."We appreciate partners like Eiffel Investment Group who share our vision for the future of energy." "We are very happy to accompany top performing companies like Enfinity," commented Jean-Charles Arrago, head of Eiffel Infrastructure debt strategy. "." [1] Elemens Dev & Deals 2024 Report and Elemens Lookout Q1 2025.
