ICG, a global alternative asset management firm, today announced via its Infrastructure team (ICG Infra), A agreement with Infinity Global, a company operating in the renewable energy sector, for a equity investment of 400 million of Euro. This investment will support Enfinity's immediate growth and advance its business strategy.
Accelerate Enfinity's portfolio
The goal is to accelerate the completion of the Enfinity portfolio, which includes 17 GW of capacity, including 7,3 GW of energy storage facilities. Currently, Enfinity Global manages 1 GW of operational assets worldwide.
The company is one of independent electricity producers which is growing fastest, and the leading developer of renewable energy in Italy.
Strengthen the strategy of ICG Infra
The agreement strengthens the strategy of ICG Infra to invest in leading companies in the renewable energy sector in Europe and the United States, which actively contribute to transition to net zero. ICG Infra will work collaboratively with Enfinity's management team to develop and manage existing long-term projects and continue to support their expansion, both organically and through acquisitions.
“We are excited to partner with Enfinity, a market-leading solar energy company, based on a strategic vision focused on supporting the transition to a zero-carbon economy. Investment is at the heart of our approach to supporting entrepreneurs and visionaries who are committed to making a significant contribution to an increasingly sustainable economy” he commented Guillaume d'Engremont, Head of ICG Infra.
“We are very pleased to partner with ICG to accelerate the execution of our projects and meet the XNUMX/XNUMX renewable energy needs of our customers. ICG's strong track record of enabling businesses to grow and its vision for the future of the industry make it the perfect partner for Enfinity,” said Carlos DomenechCEO Infinity Global.
The investment is expected to be completed quickly once the necessary regulatory approvals are obtained.
