Enfinity Global, CarVal Investors jointly designs a $300 million facility for RE

The partnership is expected to facilitate development of Enfinity’s 3GW renewable energy project. Also, the companies aim at achieving Net Zero carbon emission by 2050. 

CarVal Investors, an established global alternative investment manager, and Enfinity Global Inc., a Renewable Energy and Services Platform, entered into a $300 million loan facility to fund the development of Enfinity’s three Gigawatts of renewable energy projects.

The International Renewable Energy Agency (IRENA) estimates that a $131 trillion investment will be required in order to achieve Net Zero CO2 emissions by 2050. This could mitigate a global temperature rise to 1.5ºC.

Carlos Domenech, CEO of Enfinity Global, noted “We are very pleased to have CarVal as a partner in our journey. Together we have designed a $300 million facility that aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net zero carbon economy.”

“We are excited to support Enfinity Global’s growth and leverage our combined expertise,” said Jonathan Hunt, a managing director for CarVal Investors.

Enfinity Global Inc., together with its subsidiaries, is a global renewable energy solutions platform focused on developing, financing, building, operating and owning renewable energy assets. 

For more information about Enfinity Global, please visit: www.enfinity.global

To know more about CarVal, visit: www.carvalinvestors.com