– Enfinity Global Inc. completes minority sale of 400 MW US operating portfolio to Kyushu Electric Power Co. Inc.
– Kyushu Electric now holds a 40% equity interest in the portfolio, with Enfinity Global retaining 60% and serving as the long-term asset manager.
– Enfinity Global plans to build a 11.6 GW pipeline in the US, pursue further investment opportunities, and partner with investors like Kyushu Electric.
Enfinity Global Inc. has successfully completed a minority sale of its 400 MW US operating portfolio to Kyushu Electric Power Co. Inc., with Kyushu Electric now holding a 40% equity interest while Enfinity Global retains 60% and serves as the long-term asset manager. The deal includes 28 operational solar PV power plants in California, North Carolina, and Idaho. Enfinity Global plans to expand its 11.6 GW proprietary pipeline in the US and pursue further investment opportunities in renewable energy.
Carlos Domenech, CEO of Enfinity Global, stated that the company’s strategy is to partner with investors who share similar long-term values and goals in the energy markets they operate in. Enfinity Global aims to provide scale in renewable energy, help achieve decarbonisation targets, and offer attractive returns while having a reliable operational partner on the ground. The company recently acquired 546 MW of solar assets under development from CS Energy in Colorado.
To read more news and technical articles from the global renewable industry, readers can refer to the latest issue of Energy Global magazine. The Spring 2024 issue includes a guest comment on battery storage solutions, a regional report on renewables in Europe, and various technical articles on electrical infrastructure, turbine monitoring, battery storage technology, coatings, and more.