Enfinity Secures 420 MW Solar PPA in Italy

• Enfinity Global powers up Italy with a 420-MW solar PPA, strengthening its renewable footprint while expanding energy storage ventures.

Enfinity Global Inc, a US-based independent power producer, has signed a power purchase agreement (PPA) in Italy for a 420-MW solar photovoltaic project. The customer is a US technology company, though its identity remains undisclosed. This move underscores Enfinity's strong presence in the Italian solar PPA market, where it has contracted 805 MW over the past two years.

In addition to the PPA, Enfinity recently sold a 49% stake in a 130-MW/520-MWh energy storage project in Italy's Veneto region, expected to be operational by 2027. Established in 2019, Enfinity manages a 35.5-GW portfolio of renewable and energy storage projects globally, with an additional 37 GW under negotiation in the US.

What are Enfinity Global's recent achievements in the Italian renewable energy market?

• Enfinity Global has successfully contracted a total of 805 MW in the Italian solar PPA market over the past two years, highlighting its significant market presence.
• The company signed a power purchase agreement for a 420-MW solar photovoltaic project with an undisclosed US technology company, further solidifying its role in the Italian renewable energy sector.
• Enfinity Global sold a 49% stake in a 130-MW/520-MWh energy storage project located in Italy's Veneto region, which is anticipated to become operational by 2027.
• The company manages a global portfolio of 35.5 GW in renewable and energy storage projects, with an additional 37 GW under negotiation in the United States.
• Enfinity's strategic moves in Italy are part of its broader efforts to expand its renewable energy footprint and enhance its energy storage capabilities.