Enfinity Global to Acquire a 400 MW Utility-Scale Solar Portfolio from Capital Dynamics
Posted on 09/26/2022
Enfinity Global Inc., together with its subsidiaries, is a U.S.-based renewable energy company established in 2018. Enfinity Global announced a definitive agreement with Capital Dynamics, Inc.(advised by Barclays) to acquire a 400 MW utility-scale solar portfolio in the U.S., consisting of 28 operational solar PV power plants in California, North Carolina, and Idaho. The portfolio reached COD within the last five years and holds long-term power purchase agreements (PPA) with utility off-takers.
On December 3, 2020, Enfinity Global closed a second funding round of US$ 20 million from funds managed by Spring Creek Investment Management, LLC to continue to scale its global operations of over 3 gigawatts in projects. The investment was made in two tranches: US$ 10 million at the holding company; and US$ 10 million in a joint warehouse facility to fund the development of 450 Megawatts in Italy. Spring Creek is an investment manager based in Philadelphia.