Enfinity Global Agrees with Statkraft for Supply of 34 GWh Clean Energy

Apr 19, 2023 01:24 PM ET
  • With new PPA authorized with Statkraft, the clean energy commercialization agreement reaches 225 GWh in the initial quarter of 2023.
  • Green energy will be provided from 134 MW solar energy projects in Italy.

US-headquartered renewable resource player Enfinity Global Inc. has actually revealed that it has actually signed a long-term solar power acquisition agreement (PPA) with Statkraft for the supply of green energy from 134-MW solar power projects in Italy. The agreement is targeted at commercialization of 34 GWh/year of clean power in Italy that complements the closing of extra 191 GWh revealed in January 2023.

Enfinity Global held that the overall 225 GWh/year of clean energy acquired will certainly be created by a 134 MW utility-scale solar energy portfolio situated in the province of Viterbo, Italy. As soon as functional, the energy produced will suffice to power 85,000 residences and balance out 91,500 tons of CO2 emissions. This is additionally equivalent to the quantity recorded by 4,200 fully grown trees.

Enfinity Global discussed in its official statement that it has closed EUR 22.6 million in financing with Santander CIB as well as BayernLB for the construction of a 22 MW utility-scale solar energy plant that will be offering the new PPA. These organizations have served as mandated lead arrangers through a club deal structure that consists of non-recourse senior financial obligation financing, VAT funding as well as LC facilities.

Carlos Domenech, Chief Executive Officer of Enfinity Global, said, "The vast majority of our portfolio lies in areas that with each other represent greater than 80% of the nation's electrical power need, which demonstrates our worth as an appropriate partner for Italy's energy change."

According to the Elemens LookOut Report, Enfinity Global settled its prominent setting in Italy in 2022 by covering the ranking of utility-scale solar power firms per number of MW allowed (367 MW) and was the business that sent the highest number of MW for authorization during the year. Enfinity Global has a 2.3 GW portfolio of projects in various stages of development in Italy.

Just Recently, Enfinity Global increased EUR 142 million in lasting and also VAT funding, and LCs centers for the building and construction of 3 utility-scale solar energy plants in Italy whose integrated capacity would be 112 MW.

Solar Installers, Manufacturers