Enfinity Global Gets 2 GW Connectivity For Solar, Wind Projects In India

The US-based renewable energy and sustainability services company Enfinity Global, recently secured connectivity for 2 GW of utility-scale solar PV and wind projects. The company secured the project in Rajasthan, Uttar Pradesh, Maharashtra, and Karnataka in India. This strategic development represents a key for the firm to expand its renewable energy portfolio in India.

The power generated from these projects is earmarked to cater to government utilities, as well as commercial and industrial (C&I) customers.

Carlos Domenech, CEO of Enfinity Global said, “Our global presence enables us to create capital and operational synergies, and when combined with our local capabilities, it positions us as a strategic and reliable partner for the long-term energy needs of our customers in India.”

Enfinity Global’s Current And Future Projects

With over 1 GW of projects expected to enter the construction phase this year, including those in Maharashtra and Karnataka starting in Q1 2025, Enfinity Global’s renewable energy portfolio in India now totals ~3.3 GW in various stages. This includes 240 MW already operational, 2 GW with granted connectivity, and an additional 1 GW of solar PV, wind, and energy storage projects in development. The company recently awarded a 300 MW Solar-Wind Hybrid project through SJVN’s competitive bidding process in Q4 2024.

Over the next 3 years, Enfinity intends to develop and commission renewable power plants to supply over 5 GWh of renewable electricity annually, including through Power Purchase Agreements (PPAs) with C&I customers.

The company is also taking significant steps to align the necessary capital to execute its portfolio in India through collaboration with national and international financial partners. In May 2024, it closed a $135 million junior financing agreement with the Canada Pension Plan Investment Board (CPP Investments) to support the development and construction of solar and wind projects across the country.