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

31 Jan 2025 CW Team

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.

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