Key Impact Points:
- 420 MW solar deal: Enfinity Global signed new PPAs in Italy to supply renewable energy from a 420 MW solar PV portfolio.
- Strengthens Italian leadership: The deal cements Enfinity’s position as the country’s top independent power producer (IPP).
- Expands tech sector partnerships: The agreement supports a major U.S. technology firm’s energy transition goals in Europe.
Enfinity Expands Solar Footprint in Italy
U.S.-based Enfinity Global has signed Power Purchase Agreements (PPAs) to deliver renewable energy from 420 megawatts of solar PV projects in Italy to an undisclosed U.S. technology company.
Supporting Energy Transition
“We are pleased to continue supporting our customers across diverse sectors in Italy as they advance their energy transition,” said Carlos Domenech, CEO of Enfinity Global. “Our goal is to serve global and local customers in their renewable energy needs.”
Enfinity owns a 35.5 GW global portfolio of renewable energy and storage assets and has an additional 37 GW under negotiation. The company operates in the U.S., Europe, Japan, and India and was founded in 2019.
Market Leadership in Italy
Enfinity has led Italy’s solar PPAs market, securing 805 MW of contracts over the past two years with large corporates and industrial customers. According to the Q4 Dev&Deals report by Elemens, Enfinity is Italy’s leading independent power producer (IPP) by volume of permitted projects.
The company’s leadership team brings over $41 billion of financing experience and has developed or acquired over 26 GW of solar and wind assets globally.
Related Article: Africa’s Solar Revolution: Massive Investment in the Grid
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