Thursday, July 4, 2024

Enfinity partners with CPP Investments for financing

Enfinity Global Inc., a key player in renewable energy, has secured $135 million in funding for 1.2 GW solar and wind projects across India. The financing, facilitated by Canada Pension Plan Investment Board (CPP Investments), targets projects in Maharashtra, Delhi, Karnataka, Rajasthan, and Uttar Pradesh. Expected to come online between 2025 and 2026, these projects will collectively produce 2.4 GWh of clean energy annually. This will power over 2 million homes and offset 2.6 million tons of CO2 emissions. Enfinity already owns and operates 240 MW solar plants in India, with over 1.5 GW under development. Over the next three years, Enfinity plans to develop and commission renewable power plants to supply over 5 GWh of clean electricity annually, including through Power Purchase Agreements. 

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