#USA #solar energy #Miami #Enfinity Global #Eiffel Investment Group

Enfinity Global's New Bond Facility: A Game Changer for Renewable Energy

In a significant advancement for renewable energy, Enfinity Global Inc. has recently closed a bond facility worth up to €100 million, intended to accelerate its energy storage and solar photovoltaic (PV) projects throughout Europe. This funding, provided by Eiffel Investment Group, a leader in sustainable investments, is poised to enhance Enfinity's renewable energy initiatives and bolster energy resilience in the region.

Background on Enfinity Global

Enfinity Global, headquartered in Miami, has established itself as a major player in the renewable energy sector. The company specializes in providing cutting-edge solutions for energy generation, focusing on solar power and energy storage systems. Recently, it has been gaining traction in Europe, driven by a robust pipeline of projects aimed at increasing the availability and reliability of renewable energy.

Significance of the Bond Facility

The €100 million bond marks a pivotal moment for Enfinity as it is the first funding dedicated specifically to its Battery Energy Storage Systems (BESS) in Europe. The company is developing an impressive pipeline of 6.4 GW for BESS, with 5.1 GW located in Italy and 1.3 GW in the UK. These projects are integral to Enfinity's strategy of providing renewable energy solutions around the clock, which is essential in supporting businesses and industrial clients while enhancing grid resilience.

Carlos Domenech, CEO of Enfinity Global, expressed gratitude to Eiffel Investment Group for their support, stating, "We are thankful to Eiffel Investment Group for backing the growth of our Italian platform. The future of competitive low-carbon energy solutions relies on technological innovation and financing by market leaders."

Eiffel Investment Group's Role

Pierre-Antoine Machelon, head of infrastructure funds at Eiffel Investment Group, emphasized the foundation of their long-term relationship with Enfinity, highlighting their commitment to structuring tailored financing solutions. He stated, "This transaction underscores our commitment to providing financial solutions to accelerate decarbonization in Europe," reinforcing Eiffel's role as a catalyst in the renewable energy market.

Enfinity's Growth Trajectory

As of this announcement, Enfinity Global has secured a total of €865 million for its European operations through various debt agreements, including senior and junior debt. The company ranks among the top ten independent power producers in Italy, boasting 232 MW of operational capacity, with 538 MW under construction and 805 MW of approved solar capacity.

Moreover, Enfinity has made significant strides in the power purchase agreement (PPA) market, successfully securing a third of all new capacity contracted in Italy for 2024. This showcases Enfinity's strong market presence and operational prowess.

Commitment to Clean Energy Solutions

Julio Fournier Fisas, Enfinity Global's General Manager for Europe, remarked, "Enfinity Global continues to expand its footprint in renewables, leveraging its expertise to expedite the transition to clean energy while delivering reliable and cost-effective solutions for the European market." The partnership with Eiffel highlights the shared vision for the future of energy.

Conclusion

With this newly secured bond, Enfinity Global is well-positioned to enhance its renewable energy capabilities in Europe, ultimately contributing to a more sustainable energy landscape. The collaboration with Eiffel Investment Group not only underscores confidence in Enfinity’s strategic direction but also reflects a growing commitment to renewable energy as a vital element in addressing climate change and energy security challenges across the continent.

As the world moves towards a greener future, Enfinity Global’s initiatives signify a crucial step in the right direction, reinforcing the importance of investment in sustainable energy sources and technologies.