Enfinity Global has announced the successful financial close of €500 million, which, combined with project financing, will support the development and construction of 1.5 GW of solar assets across Italy. This funding was secured through an innovative club deal structure involving key investors such as Infranity, Schroders Capital, Rivage, BNP Paribas Asset Management, and Queensland Investment Corporation.
Furthermore, the financing also includes a feature that allows the company to expand the funding to €800 million. Akereos was the sole bookrunner, structurer, and exclusive debt advisor to Enfinity Global. Milbank acted as legal advisor to Enfinity Global and Ashurst acted as legal advisor to the club of investors. Enfinity currently holds a portfolio of 4.8 GW of solar and energy storage projects in various stages of development in Italy.
In December 2023, Enfinity Global acquired a 546 MW portfolio of solar projects under development in Colorado from CS Energy. The portfolio has three solar projects in Colorado, a state which plans to generate 100 per cent renewable energy by 2050. This development supports Enfinity in advancing its long-term business strategy in the US.
