Enfinity Global Secures €100 Million Bond to Spice Up Renewable Energy
Enfinity Global Secures Major Funding for Renewable Projects
Enfinity Global Inc., a prominent name in the renewables sector, has achieved a significant milestone by successfully closing a bond facility of up to €100 million. This financing aims to fuel the expansion of energy storage and solar photovoltaic projects throughout Europe, showcasing the company's dedication to sustainable energy solutions. The facility has been made available by Eiffel Investment Group, a well-regarded asset manager known for its focus on sustainable investments through four distinct investment vehicles.
Significance of the Bond Facility
This remarkable transaction not only highlights the strategic quality of the platform as an appealing investment proposition but it also represents the inaugural financing for Enfinity's battery energy storage system (BESS) portfolio in Europe. The company is working on an impressive pipeline of 6.4 GW BESS, encompassing 5.1 GW in one country and 1.3 GW in another. Energy storage is increasingly recognized as a pivotal element of Enfinity's mission to deliver round-the-clock renewable energy solutions to both corporate and industrial clients, while also enhancing the resilience of the energy grid.
CEO's Remarks on the Partnership
Carlos Domenech, the CEO of Enfinity Global, expressed gratitude towards Eiffel Investment Group for their unwavering support in the growth of their platform. He voiced that the path to competitive low-carbon energy solutions is firmly linked to technological innovation and financing empowered by market leaders, providing an optimistic outlook for the industry.
Eiffel's Support for Enfinity
Commenting on the collaboration, Pierre-Antoine Machelon, who oversees Infrastructure Funds at Eiffel Investment Group, stated that they take pride in aiding Enfinity Global's expansion. The focus on building enduring relationships through customized financing solutions remains central to Eiffel's philosophy, further driving their commitment to facilitate the decarbonization efforts in Europe.
Enfinity's Growing Footprint in Europe
Enfinity Global has secured a staggering total of €865 million through various junior and senior debt agreements for its projects across Europe. The company ranks as one of the top independent power producers in the country by installed capacity, currently operating 232 MW, with another 538 MW under construction, and possesses 805 MW of approved solar capacity. Notably, Enfinity is also pioneering the solar Power Purchase Agreement (PPA) market, representing one-third of all new capacity signed in one year.
Continued Commitment to Renewable Energy
Julio Fournier Fisas, General Manager of Enfinity Global for Europe, discussed their consistent efforts to amplify the renewable energy sector. He emphasized the importance of their partnerships, particularly with Eiffel Investment Group, who share a similar vision of a sustainable energy future, ultimately facilitating clean and affordable energy solutions for the European market.
Partnership Recognition and Future Outlook
Jean-Charles Arrago, responsible for the debt strategy at Eiffel Infrastructure, expressed enthusiasm about working with top-performing companies like Enfinity. He noted that this financing facility enables a more rapid deployment of a round-the-clock renewable electricity production capacity, especially in specific regions.
Frequently Asked Questions
What is the purpose of the €100 million bond secured by Enfinity Global?
The bond aims to support the deployment of energy storage and solar photovoltaic projects across Europe.
Who is providing the funding for Enfinity Global's projects?
The funding is provided by Eiffel Investment Group through four of its investment vehicles.
What are the key projects included in Enfinity's BESS pipeline?
The pipeline includes 6.4 GW of energy storage systems, with significant portions in multiple countries.
How does Enfinity plan to enhance the renewable energy market?
Enfinity aims to deliver 24/7 renewable energy solutions while ensuring grid resilience.
What recognition has Enfinity earned in the renewable energy space?
Enfinity is among the top independent power producers in its field, known for its substantial installed capacity and pioneering solar PPA engagements.
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