Enfinity Global Secures €300 mn Equity Funding from ICG for Renewable Energy Expansion

By Editor


Enfinity Global, a prominent player in the renewable energy sector, proudly announced the successful completion of a €300 million equity funding round provided by ICG (Intermediate Capital Group), a global alternative asset manager. An additional €100 million of equity funding is expected to be closed within the next year, as part of a broader agreement between the two companies.

The funds secured will play a pivotal role in advancing Enfinity’s near-term growth and the execution of its ambitious business strategy, making this a milestone moment in the company’s journey towards renewable energy excellence. The successful completion of the funding comes after obtaining the required regulatory approvals.

Enfinity Global’s chief objective is to bolster its balance sheet, enabling the acceleration of its 20 GW portfolio, which includes a substantial 8 GW of energy storage assets. With a remarkable 1 GW of operational assets scattered across the globe, Enfinity Global stands out as one of the fastest-growing independent power producers and a leading renewable energy developer in Italy.

This investment aligns perfectly with ICG Infra’s strategy of supporting market-leading businesses within the renewable energy sector in Europe and the United States. These businesses play a pivotal role in facilitating the transition to a net-zero carbon future. In collaboration with Enfinity’s management team, ICG Infra is committed to long-term involvement in building and operating the existing projects while actively supporting organic and inorganic expansion opportunities.

Enfinity Global, established in 2018, is a US-based renewable energy and sustainability services company that currently manages a robust portfolio of 20 GW of renewable energy and storage projects. These projects encompass operational assets, developments in progress, and those in various stages of development.

With offices strategically positioned across the United States, Europe, Japan, and India, the company is dedicated to making a substantial contribution to the development of a sustainable net-zero carbon economy. Enfinity’s leadership team boasts extensive global experience in the renewables sector and brings a wealth of knowledge with over $37 billion in financing experience within the renewable energy industry.

ICG, a leading global alternative asset manager, is renowned for providing flexible capital solutions that aid companies in their development and growth endeavors. With a storied history spanning over 30 years, the company manages assets worth $82.1 billion and has a strong presence across the capital structure, making it a vital player in the global financial landscape.

The successful funding from ICG is a significant boost for Enfinity Global’s mission to accelerate the transition to cleaner and more sustainable energy solutions, further solidifying its position as a key player in the renewable energy sector.

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