+
Enfinity Global Secures Grid Access For 2GW Indian Solar And Wind
POWER & RENEWABLE ENERGY

Enfinity Global Secures Grid Access For 2GW Indian Solar And Wind

Spanish renewable energy company Enfinity Global has secured connectivity for 2GW of utility-scale solar photovoltaic (PV) and wind projects in India, expanding its renewable energy portfolio. 
The projects, located in the states of Rajasthan, Uttar Pradesh, Maharashtra and Karnataka, can power 4.7 million households. 

They will contribute to a reduction of 49 million metric tonnes (mt) of CO? emissions annually. The generated power will be supplied to government utilities and commercial and industrial (C&I) clients. 

Enfinity Global’s renewable energy presence in India is growing, with 3.3GW of projects at various stages of development. This includes 240MW that are already operational, the 2GW that have been granted connectivity and an additional 1GW of solar PV, wind, and energy storage projects in the pipeline. The company also recently secured a 300MW solar-wind hybrid project through competitive bidding in the fourth quarter of 2024. 

Enfinity Global aims to develop and commission power plants that will deliver more than 5 gigawatt hours (GWh) of renewable electricity annually by 2028. It is also focusing on securing power purchase agreements (PPAs) with C&I customers, engaging with financial partners nationally and internationally to secure the capital required for these initiatives. 

Enfinity Global closed a $135m junior financing agreement with the Canada Pension Plan Investment Board (CPP Investments) in May 2024. This agreement is intended to bolster the development and construction of solar and wind projects throughout India.   

Spanish renewable energy company Enfinity Global has secured connectivity for 2GW of utility-scale solar photovoltaic (PV) and wind projects in India, expanding its renewable energy portfolio. The projects, located in the states of Rajasthan, Uttar Pradesh, Maharashtra and Karnataka, can power 4.7 million households. They will contribute to a reduction of 49 million metric tonnes (mt) of CO? emissions annually. The generated power will be supplied to government utilities and commercial and industrial (C&I) clients. Enfinity Global’s renewable energy presence in India is growing, with 3.3GW of projects at various stages of development. This includes 240MW that are already operational, the 2GW that have been granted connectivity and an additional 1GW of solar PV, wind, and energy storage projects in the pipeline. The company also recently secured a 300MW solar-wind hybrid project through competitive bidding in the fourth quarter of 2024. Enfinity Global aims to develop and commission power plants that will deliver more than 5 gigawatt hours (GWh) of renewable electricity annually by 2028. It is also focusing on securing power purchase agreements (PPAs) with C&I customers, engaging with financial partners nationally and internationally to secure the capital required for these initiatives. Enfinity Global closed a $135m junior financing agreement with the Canada Pension Plan Investment Board (CPP Investments) in May 2024. This agreement is intended to bolster the development and construction of solar and wind projects throughout India.   

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code