17GW Renewables: Enfinity Bags ICG Funds

• Enfinity Global Inc secures $428.9 million investment from ICG to power 17 GW project portfolio, accelerating growth with 7.3 GW energy storage. ICG Infra to build & operate existing projects and support long-term growth. Pending regulatory clearance.

Enfinity Global Inc has secured a EUR-400-million (USD 428.9m) investment from Intermediate Capital Group (ICG) to support the development of its 17-GW project portfolio. The funding will be used to back Enfinity's near-term growth and the execution of its business strategy, speeding up the completion of its portfolio. The US company currently has 1 GW of operational assets globally, of which 7.3 GW are energy storage projects. ICG Infra will work with Enfinity’s management team to build and operate the existing projects in the long-term, as well as support the company's organic and inorganic growth. The investment is pending regulatory clearance.

What Benefits Will Enfinity Receive from ICG Investment?

• With this investment, Enfinity will be able to speed up completion of its project portfolio, bringing 17 GW of energy projects to market sooner.
• The investment from ICG provides stability and long-term growth opportunities, allowing Enfinity to increase its operational assets and expand both organically and inorganically.
• This will also allow Enfinity to benefit from ICG’s expertise in building and operating energy projects, giving them an edge in the market.
• Additionally, Enfinity will have access to ICG’s network of potential partnerships to help support and expand their portfolio.