Enfinity Global, a prominent player in the renewable energy business, has announced the completion of a minority sale in its 400 MW U.S. operating portfolio to Kyushu Electric Power, a leading Japanese utility.
With this transaction, Kyushu Electric holds a 40 percent equity in the portfolio, while Enfinity Global retains the majority share of 60 percent and continues to serve as the long-term asset manager.
The deal, which was finalized following an agreement signed in September 2023, encompasses 28 operational solar PV power plants situated across California, North Carolina, and Idaho.
Enfinity Global has outlined ambitious plans for expansion within the United States, aiming to develop its proprietary pipeline to 11.6 GW over the next several years. In line with this strategy, Enfinity Global recently announced the acquisition of 546 MW of solar assets under development from CS Energy in Colorado.
Carlos Domenech, CEO of Enfinity Global, emphasized the strategic alignment between Enfinity and Kyushu Electric, noting their shared long-term values and objectives within the energy markets.
Carlos Domenech highlighted Enfinity’s role as an ideal partner for investors seeking to leverage scale in renewable energy, achieve decarbonization targets, and secure attractive returns while benefiting from a reliable operational partner on the ground. He expressed gratitude for the trust Kyushu Electric has placed in Enfinity Global.
Established in 2018, Enfinity Global is a U.S.-based company specializing in renewable energy and sustainability services with a diverse portfolio encompassing 21.6 GW of renewable energy and storage projects at various stages of development.