by Enfinity Global has divested 49% of his interest in two important Battery Energy Storage System (BESS) projects, with a combined capacity of 380 MW, to Daiwa Energy & Infrastructure.
The projects, based in the US and Italy, will improve the resilience of the net and meet the increasing electricity requirements.
The project based in the US is located in the Houston Zone of the Council of Electric Reliability of Texas and has a Bess of 250 MW with a duration of two hours and 500 megawatt hours (MWH) capacity.
The Italian project is located in the Veneto region and consists of a Bess of 130 MW with a duration of four hours and a capacity of 520 MWh. The activities for both projects will start by 2027.
Enfinity Global maintains a controlling interest of 51% and has the task of supervising the development, construction and long -term management of both projects.
Enfinity Global CEO Carlos Domenech stated: “We are honored to work with Daiwa Energy & Infrastructure, one of the leading financial institutions of Japan, to bring new investments in the US and Italy.
“This is a win-win outcome and creates a demonstrable case study, strengthening the grid capacities, accelerating the power capacity of reliable competing clean energy for customers, cross-border capital investments in attractive returns and bringing the best worldwide solutions by long-term responsible sponsors.”
The cooperation with DAIWA will strengthen the infrastructure to support data centers, AI and industrial electrification in both regions.
Legal aspects of the transaction were managed by Winston & Strawn and DLA Piper for Enfinity Global, while Daiwa Energy & Infrastructure was sought from Orrick Herrington & Sutcliffe, Ensight Energy Consulting and Ernst & Young.
Enfinity’s worldwide head of capital and general director of America Ricardo Diaz stated: “We are delighted to catch up with Daiwa Energy & Infrastructure as a capital partner for our curriculum projects in the US and Italy. Long-term, like-minded investors as shareholders in our worldwide forming of rails”
In a related development, Enfinity Global has secured a bond facility of € 100 million ($ 112.2 million) from Eiffel Investment Group to push the use of energy storage and photovoltaic solar projects throughout Europe.
“Enfinity Global sells minority interests in two Bess projects” was originally made and published by Power Technology, a brand global data.
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