Enfinity, Daiwa team up on 380-MW battery portfolio spanning US and Italy

• Enfinity sells 49 % stakes in 250-MW Texas and 130-MW Italian BESS projects to Daiwa Energy & Infrastructure, keeping control as both assets target 2027 start-up.

Enfinity Global has offloaded a 49 % minority interest in two utility-scale battery energy storage system (BESS) projects totaling 380 MW to Daiwa Energy & Infrastructure Ltd (DEI), the alternative-asset arm of Japan’s Daiwa Securities Group. The deal gives DEI its first direct foothold in large-scale storage while providing Enfinity with fresh capital to accelerate build-out.

The larger of the two assets is a 250-MW/500 MWh, two-hour BESS slated for the Houston zone of Texas’ ERCOT market, where surging data-centre loads and renewables variability are driving demand for fast-response storage. Across the Atlantic, Enfinity is progressing a 130-MW/520 MWh, four-hour system in Italy’s Veneto region, reinforcing the country’s efforts to firm up its rapidly expanding solar fleet. Both projects are expected to reach commercial operation in 2027.

Enfinity will retain a 51 % controlling stake and continue to lead development, construction and long-term operations. “Partnering with DEI brings cross-border capital at attractive returns while strengthening grid reliability for customers on two continents,” said Enfinity chief executive Carlos Domenech. DEI deputy president Jun Hayakawa added that the transaction “marks a strategic expansion of Daiwa’s clean-energy footprint as storage becomes critical to the renewables transition.”

The sale dovetails with Enfinity’s capital-rotation strategy. The Miami-headquartered independent power producer now commands a 35.5-GW global pipeline—20.9 GW of solar and wind plus 14.6 GW of storage—on top of 1.1 GW in operation and 1.2 GW under construction. By welcoming long-term partners such as DEI, the company says it can scale faster while retaining operational control of core assets.

Legal counsel was provided by Winston & Strawn and DLA Piper for Enfinity and by Orrick, Ensight Energy Consulting and Ernst & Young for DEI. Financial terms were not disclosed, but both parties framed the agreement as a template for future co-investment aimed at bolstering grid resilience amid AI-driven load growth and Europe’s push for 24/7 renewable power.