+
Enfinity Global Inc. secures $135 mn financing with CPP Investments
POWER & RENEWABLE ENERGY

Enfinity Global Inc. secures $135 mn financing with CPP Investments

Enfinity Global Inc. has finalised a $135 million financing agreement with the Canada Pension Plan Investment Board (CPP Investments) for the development and implementation of 1.2 gigawatts (GW) of solar and wind projects spanning five Indian states.

"The projects in this portfolio, spread across five states (Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh), are in advanced stages of development and are expected to be commissioned between 2025 and 2026," the company said in a statement.

Carlos Domenech, CEO, Enfinity Global, highlighted the significance of renewable energy in India's economic growth strategy and expressed enthusiasm about partnering with CPP Investments, a globally recognised investor, to drive clean energy initiatives in India.

Geoffrey Souter, Managing Director and Head of Real Assets Credit at CPP Investments, emphasised the importance of solar and wind power in India's energy landscape and acknowledged the country's robust pipeline for such opportunities. He expressed satisfaction in collaborating with Enfinity Global, providing long-term and adaptable funding that is expected to yield promising returns for the CPP Fund.

This collaboration reaffirms Enfinity Global's dedication to India's renewable energy sector, where it already possesses a portfolio of 240 MW solar plants and has over 1.5 GWs under development. (Source: ET Energy)

Enfinity Global Inc. has finalised a $135 million financing agreement with the Canada Pension Plan Investment Board (CPP Investments) for the development and implementation of 1.2 gigawatts (GW) of solar and wind projects spanning five Indian states. The projects in this portfolio, spread across five states (Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh), are in advanced stages of development and are expected to be commissioned between 2025 and 2026, the company said in a statement. Carlos Domenech, CEO, Enfinity Global, highlighted the significance of renewable energy in India's economic growth strategy and expressed enthusiasm about partnering with CPP Investments, a globally recognised investor, to drive clean energy initiatives in India. Geoffrey Souter, Managing Director and Head of Real Assets Credit at CPP Investments, emphasised the importance of solar and wind power in India's energy landscape and acknowledged the country's robust pipeline for such opportunities. He expressed satisfaction in collaborating with Enfinity Global, providing long-term and adaptable funding that is expected to yield promising returns for the CPP Fund. This collaboration reaffirms Enfinity Global's dedication to India's renewable energy sector, where it already possesses a portfolio of 240 MW solar plants and has over 1.5 GWs under development. (Source: ET Energy)

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?