#None #Renewable Energy #Enfinity Global #Eiffel Investment Group

Enfinity Global Secures €100 Million Bond

Enfinity Global Inc., a prominent player in the renewable energy sector, has announced the successful closure of a bond facility worth up to €100 million, provided by the Eiffel Investment Group. This substantial funding will be allocated towards advancing Enfinity's initiatives related to energy storage and solar photovoltaic (PV) projects in Europe, marking a pivotal moment for the company's growth strategy.

Strategic Investment in Renewable Energy

The bond facility is an important instrument for Enfinity, emphasizing both the quality of the investment platform and the effectiveness of the company’s strategic execution. It is particularly notable as it represents Enfinity's inaugural financing designed specifically for its battery energy storage systems (BESS) portfolio in Europe. The company is currently working on a 6.4 GW BESS pipeline, with significant projects underway in Italy (5.1 GW) and the United Kingdom (1.3 GW).

Energy storage has emerged as a crucial component in the mission of delivering reliable 24/7 renewable energy solutions to corporate and industrial clients, playing a significant role in enhancing grid resilience. Carlos Domenech, CEO of Enfinity Global, expressed gratitude towards Eiffel Investment Group for their support, stating, "The future of competitive low carbon energy solutions relies on the innovation of technologies and financings backed by market leaders."

Commitment to Sustainable Finance

Pierre-Antoine Machelon, head of Infrastructure Funds at Eiffel Investment Group, affirmed the commitment to fostering long-term relationships through tailored financial solutions that accelerate Europe’s decarbonization efforts. This partnership signals a promising direction for both entities as they align their objectives around sustainable investment.

Currently, Enfinity Global has secured approximately €865 million dedicated to European projects through various debt agreements, establishing itself as a leading independent power producer in Italy. Their capabilities extend to 232 MW already operational, an additional 538 MW under construction, and 805 MW of approved solar capacity. Furthermore, Enfinity has positioned itself as a leader in the solar Power Purchase Agreement (PPA) market, having secured one-third of all new capacity contracts within 2024.

Expansion and Future Prospects

The expansion of Enfinity's renewable energy footprint is a key focus, as the company continues to leverage its expertise to promote clean energy initiatives, balancing reliability with cost-effectiveness for the market. Julio Fournier Fisas, General Manager of Enfinity Global for Europe, elaborated on their mission: "We appreciate partners like Eiffel Investment Group who share our vision for the future of energy."

Jean-Charles Arrago, in charge of Eiffel Infrastructure's debt strategy, stated his confidence in working with high-performing companies such as Enfinity, emphasizing that this facility will quicken the deployment of renewable electricity production capacities in Italy, further solidifying their role in the sector.

In conclusion, the closure of this €100 million bond represents a synergistic collaboration between Enfinity Global and Eiffel Investment Group, aimed at driving innovation and sustainability in Europe's renewable energy landscape. As both organizations work together, the implications for renewable energy development across the continent look promising, paving the way for a greener, more sustainable future.