Enfinity Global Inc. has signed $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The financing is being provided by Canada Pension Plan Investment Board (CPP Investments) through subsidiaries of CPPIB Credit Investments Inc. The projects in this portfolio is spread across five states of Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh and are in advanced stages of development. The project is expected to be commissioned between 2025 and 2026. Once interconnected, they are projected to generate 2.4 GWh of clean electricity annually, enough to power over two million Indian homes and offset 2.6 million tons of CO2 emissions.
Why Should Large Industrial Entities Invest in BESS When They Have Already Invested in Solar?
For Indian industries, investing in solar power has become an important step towards controlling electricity costs and meeting sustainability goals....
