#United States #Miami #Energy Storage #Enfinity Global #Daiwa Energy

Enfinity Global's Strategic Partnership with Daiwa Energy Infrastructure

Enfinity Global Inc., a prominent player in the renewable energy sector, has recently announced a significant business move by selling a 49% minority stake in two major battery energy storage projects. These projects, collectively amounting to 380 MW, are located in the United States and Italy and are slated to bolster the growth of renewable energy solutions in these regions.

Details of the Energy Storage Projects

The first project, situated in the Houston area of the Electric Reliability Council of Texas (ERCOT), features a battery energy storage system (BESS) with a capacity of 250 MW and a duration of two hours, translating to 500 MWh of energy storage. The second project is located in Italy's Veneto region, with a BESS capacity of 130 MW that can store energy for up to four hours, totaling 520 MWh. Both projects aim to commence operations by 2027.

This collaboration with Daiwa Energy & Infrastructure (DEI), a part of Japan's Daiwa Securities Group, marks a crucial step towards enhancing grid resilience and addressing the rising energy demands fueled by data centers, industrial electrification, and artificial intelligence applications in the U.S. and Italy.

Comments from Leadership

Carlos Domenech, CEO of Enfinity Global, expressed enthusiasm about the partnership, stating, "We are honored to partner with Daiwa Energy Infrastructure, one of Japan's leading financial institutions, to undertake new investments in the U.S. and Italy. This outcome represents a win-win scenario showcasing grid capacity enhancement, acceleration of reliable clean energy for consumers, and attractive cross-border investments."

Jun Hayakawa, Deputy President of DEI, reflected on the favorable global environment for energy storage driven by increased renewable energy production capacity. He recognizes this partnership as a pivotal move for DEI to further expand its renewable energy and storage portfolio on a global scale.

Future Implications of the Partnership

Ricardo Diaz, Global Capital Manager at Enfinity Global, noted the importance of having long-term investors with shared values involved in their projects. He emphasized that these partnerships are central to their capital formation strategy, which aims to accelerate growth and optimize returns.

Enfinity Global is distinguished as a rapidly growing Independent Power Producer (IPP) based in the U.S., managing a globally diversified portfolio totaling 35.5 GW. This includes 20.9 GW of solar and wind projects, alongside 14.6 GW of battery energy storage systems, of which 1.1 GW is operational and an additional 1.2 GW is under construction. The firm's collaborative approach exemplifies a commitment to renewable energy solutions and long-term investor relations.

Legal and Advisory Support

In navigating this strategic transaction, Enfinity has been supported by legal advisors Winston & Strawn and DLA Piper. Meanwhile, Daiwa Energy Infrastructure engaged Orrick Herrington Sutcliffe, Ensight Energy Consulting, and Ernst & Young for advisory services, ensuring a well-facilitated partnership.

Conclusion

The collaboration between Enfinity Global and Daiwa Energy Infrastructure not only signifies a milestone in renewable energy investments but also underlines the increasing international trend toward sustainable energy solutions. As the world shifts towards greener energy alternatives, partnerships like this play a fundamental role in shaping the future of energy storage and production, ultimately supporting cleaner, reliable energy for a growing global demand.