Enfinity Global to acquire 400 MW of operating solar projects in the US

Enfinity Global has announced a definitive agreement with Capital Dynamics (advised by Barclays) to acquire a 400 MW utility-scale solar portfolio in the US, consisting 28 operational solar PV power plants in California, North Carolina and Idaho. The portfolio reached COD within the last five years and holds long-term power purchase agreements (PPAs) with high-quality utility off-takers.

As per the company’s statement, Enfinity Global is one of the fastest growing developers and owners of renewable energy assets, with a portfolio of over 5 GW of power plants in operation, under development and under construction in energy markets. Enfinity Global Inc., together with its subsidiaries, is a US-based renewable energy and sustainability services company established in 2018.

In February 2021, Enfinity Global announced the $1 billion acquisition of a 250 MW solar photovoltaic portfolio in Japan. The acquisition included three large-scale solar power facilities which are already operational, while five more are in the planning stages across Japan. A total of 180 MW is being built, with 80 MW expected to be operational in 2022 and 100 MW in 2023.