Enfinity Global Inc. the leader in renewable energy, announced today the completion of a 500 million euro funding that, combined with project funding, will finance the development and construction of 1.5 GW solar power plants in Italy. Funding was provided through an innovative club Agreement structure in partnership with leading investors. The funding also includes an accordion feature that will allow Enfinity to increase the amount to 800 million euros.

Enfinity currently owns a portfolio of 4.8 GW solar and energy storage projects at various stages of development in Italy, making the company one of the leading independent producers of electricity for end users in Italy.

“We are grateful to our partners for their investments and partnership in creating this uniquely positioned 1.5 GW portfolio.” said Carlos Domenech, CEO of Enfinity Global . “The energy transition to a sustainable, carbon-neutral economy that ensures the future requires significant investment. At Enfinity, we see ourselves as a responsible asset owner in the long run and create value by providing customers, investors and partners with a one-stop solution.”

Enfinity is currently building 416 MW in 17 projects for which there are long-term PPAs with clients worthy of investment.

“While Enfinity continues to grow and expand its existing global portfolio of 25.1 GW, capital accumulation plays a crucial role. We are focused on serving deep energy markets using the right foundations and building partnerships with strategic investors and leading financial institutions,” said Ricardo Diaz, CEO and Global Head of capital at Enfinity Global in the Americas. “Enfinity’s Capital Building focuses on building long-term relationships that scale efficiently and add value to the entire value chain as we meet the needs of our customers.”