Enfinity secures $135M for 1.2GW India renewables

• Enfinity Global Inc secures $135 million from CPP Investments to power over two million households in India with 1.2 GW of solar and wind projects.

Enfinity Global Inc, a US-based renewables specialist, has secured $135 million in financing from Canada Pension Plan Investment Board (CPP Investments) to develop and construct solar and wind projects in India with a total capacity of 1.2 GW. The projects will be located in Maharashtra, Delhi, Karnataka, Rajasthan, and Uttar Pradesh, and are expected to generate 2.4 GWh of clean electricity annually, meeting the power needs of over two million households. The sites are scheduled to be operational between 2025 and 2026.

Enfinity currently owns and operates 240 MW of solar plants in India and is working on developing an additional 1.5 GW of capacity. This funding will help the company expand its renewable energy portfolio in India and contribute to the country's clean energy goals.

How will Enfinity Global Inc's $135 million financing impact India's solar industry?

• The $135 million financing from CPP Investments will significantly boost Enfinity Global Inc's efforts to develop and construct solar and wind projects in India with a total capacity of 1.2 GW.
  
• The projects, located in Maharashtra, Delhi, Karnataka, Rajasthan, and Uttar Pradesh, are expected to generate 2.4 GWh of clean electricity annually, meeting the power needs of over two million households.
• Enfinity currently owns and operates 240 MW of solar plants in India and is working on developing an additional 1.5 GW of capacity, indicating the company's commitment to expanding its renewable energy portfolio in the country.
• This funding will not only help Enfinity Global Inc accelerate its renewable energy projects in India but also contribute to the country's clean energy goals and support its transition towards a more sustainable energy future.