An up to €100 million bond facility was successfully closed today by renewable energy company Enfinity Global Inc. to support the rollout of its solar PV and energy storage projects throughout Europe. Through four of its investment vehicles, Eiffel Investment Group, an independent asset manager with a focus on sustainable assets, is offering the facility.
This deal is a major turning point that highlights Enfinity’s execution skills and the platform’s quality for investors. In Europe, where it is building a 6.4 GW BESS pipeline, which includes 5.1 GW in Italy and 1.3 GW in the UK, it is also the company’s first financing of its BESS portfolio. In order to provide corporate and industrial clients with 24/7 renewable energy solutions and support grid resilience, energy storage is a crucial part of Enfinity’s strategy.
“We are thankful to Eiffel Investment Group for supporting the growth of our Italian platform,” stated Carlos Domenech, CEO of Enfinity Global. “The future of competitive low carbon energy solutions relies on innovation of technologies and financings supported by market leaders,” he attached.
“We are proud to support Enfinity Global in its growth,” stated Pierre-Antoine Machelon, head of Infrastructure Funds at Eiffel Investment Group. “Building a long-term relationship while structuring a tailor-made financing is at the heart of Eiffel DNA. This transaction highlights our commitment to providing financial solutions to accelerate the decarbonization in Europe.”
Currently, Enfinity Global has obtained €865 million for Europe through a number of senior and junior debt agreements. With 232 MW of installed capacity, 538 MW under construction, and 805 MW of approved solar capacity, the company is among the top 10 independent power producers (IPP) in Italy. With one-third of all new capacity contracted in 2024, Enfinity is also the market leader in Italy for solar PPAs.
“Enfinity Global continues to expand its renewable energy footprint, leveraging our expertise to accelerate the clean energy transition while delivering reliable and cost-effective solutions for the European market,” commented Julio Fournier Fisas, General Manager of Enfinity Global for Europe. “We appreciate partners like Eiffel Investment Group who share our vision for the future of energy.”
“We are very happy to accompany top performing companies like Enfinity,” commented Jean-Charles Arrago, head of Eiffel Infrastructure debt strategy. “With this facility, we are able to accelerate the rollout of a 24/7 renewable electricity production capacity in Italy.”
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