Enfinity Global: $135m For 1.2gw Solar, Wind In India

By Author: Ben Gross
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Enfinity Global Inc., a leading company in the renewable energy sector, has just secured $135 million in funding for the development and construction of 1.2 GW of solar and wind projects in India. The financing is coming from Canada Pension Plan Investment Board through its subsidiaries.

These projects, located in Maharashtra, Delhi, Karnataka, Rajasthan, and Uttar Pradesh, are well into the development process and are expected to be operational between 2025 and 2026. Once completed, they are estimated to produce 2.4 GWh of clean electricity annually, which is enough to power more than two million homes in India and reduce 2.6 million tons of CO2 emissions.

"Renewable energy plays a crucial role in India's economic growth strategy. Enfinity Global is thrilled to collaborate with CPP Investments, a highly respected global investor, to bring clean energy to fuel India's future," stated Carlos Domenech, CEO of Enfinity Global.

"Solar and wind energy are essential renewable resources, and India presents a great opportunity for such projects. We are excited to work with Enfinity Global on these initiatives by ...
... offering long-term and adaptable funding that we believe will result in promising returns for the CPP Fund," mentioned Geoffrey Souter, Managing Director, Head of Real Assets Credit at CPP Investments.

More Information : https://www.techdogs.com/tech-news/pr-newswire/enfinity-global-enters-into-135m-financing-to-build-12-gw-of-advanced-solar-and-wind-power-plants-in-india