Enfinity Global, Inc., a renewable energy developer, builder, owner, and operator, signed a $300 million facility investment with CarVal Investors, an established global alternative investment manager. The facility will fund the development of Enfinity’s three Gigawatts of renewable energy projects.
Enfinity Global Inc. is a global renewable energy solutions platform. It has a particular focus on the development, financing, building, operating and owning clean energy assets. It also has a number of subsidiaries and has offices across the US, Europe, and Asia.
One of the main goals of the company is to help the economies of the countries in which it operates to reach its net-zero and climate action goals. It intends to enable a sustainable energy transition into a carbon-free economy.
On the other hand, CarVal Investors is an established global alternative investment manager. It focuses on credit-intensive assets and market inefficiencies. It has a robust portfolio of investments. In fact, it has invested more than $128 billion in 5,525 transactions across 82 countries.
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Enfinity Global to leverage from robust investment and expertise of CarVal
Currently, the company has approximately $10 billion in assets under management in corporate securities, loan portfolios, structured credit, and hard assets.
The $300 million investment in Enfinity came after both companies designed the facility, aligned with sustainable investment guidelines. About the matter, Carlos Domenech, CEO of Enfinity Global, said. “We are very pleased to have CarVal as a partner in our journey. Together we have designed a $300 million facility that aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net-zero carbon economy.”
At the same time, Jonathan Hunt, a managing director for CarVal Investors, said. “We are excited to support Enfinity Global’s growth and leverage our combined expertise.”
Finally, the statement does not clarify where the projects of Enfinity will be developed, the $300 million facility aligns with the $131 trillion investment needed to achieve Net Zero CO2 emissions by 2050, according to the International Renewable Energy Agency (IRENA) estimations.