Enfinity Global: $135M for 1.2GW Solar, Wind in India

 


Enfinity Global Inc., a leading company in renewable energy, has just secured $135 million in financing for the development and construction of 1.2 GW of solar and wind projects in India. The funding is coming from Canada Pension Plan Investment Board through its subsidiaries.


These projects are located in five different states - Maharashtra, Delhi, Karnataka, Rajasthan, and Uttar Pradesh. They are well into the development process and are expected to be operational between 2025 and 2026. Once completed, they will produce 2.4 GWh of clean electricity annually, which is enough to power more than two million homes in India and reduce 2.6 million tons of CO2 emissions.


"Renewable energy plays a crucial role in India's economic growth strategy. Enfinity Global is excited to collaborate with CPP Investments, a highly respected global investor, to bring clean energy to fuel India's future," stated Carlos Domenech, CEO of Enfinity Global.


"Solar and wind energy are essential renewable sources, and India presents a great opportunity for such projects. We are happy to work with Enfinity Global on these initiatives by offering long-term and flexible funding that we believe will result in promising returns for the CPP Fund," mentioned Geoffrey Souter, Managing Director, Head of Real Assets Credit at CPP Investments.


More Information : https://www.techdogs.com/tech-news/pr-newswire/enfinity-global-enters-into-135m-financing-to-build-12-gw-of-advanced-solar-and-wind-power-plants-in-india

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