Florida-headquartered Enfinity Global Inc.,a renewable energy solutions provider, has closed a bond facility of up to €100 million (~$113.18 million) from Eiffel Investment Group. The funding will support its solar PV and energy storage projects across Europe. The funding came through four Eiffel’s investment vehicles. This was Enfinity’s first financing for its battery storage projects in Europe, covering a 6.4 GW pipeline—5.1 GW in Italy and 1.3 GW in the UK. The storage projects were part of its plan to supply continuous renewable power and help maintain grid stability. Recently, Enfinity Global gains 2 GW RE projects in India.
Enfinity Global secures Eiffel funding for PV and 6.4 GW BESS in Europe
Eiffel Investment Group backed Enfinity Global with up to €100 million to develop 6.4 GW BESS and solar PV projects across Italy and the UK.
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