Connection

popular articles

Berlin warns of security risks in Chinese offshore wind farm project in the North Sea
Hydro-Québec Facing Contestation: The Rise of Wind Energy at the Heart of Tensions
OPEC maintains its forecast for oil demand growth in 2025 and 2026
South Africa: Mainstream Renewable Power finalizes a 50 MW solar project in Ilikwa
French Court Dismisses Lawsuit Against TotalEnergies Over Climate Crisis

Enfinity Global invests $135 million in India

Enfinity Global secures financing to develop renewable energy projects in India.
Futur parc solaire en Inde.

Please share:

Enfinity Global Inc, a U.S.-based renewable energy company, today confirmed substantial financing for the expansion of its operations in India. The Canada Pension Plan Investment Board (CPP Investments) has committed $135 million. The funds are intended to support the development and construction of1.2 gigawatts of solar and wind power.

Project details

The projects are spread across five Indian states. These include Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh. They are at an advanced stage of development. Completion is scheduled between 2025 and 2026. Once operational, they should generate 2.4 gigawatt-hours of clean electricity every year. These installations will be sufficient to supply more than two million Indian households and reduce CO2 emissions by 2.6 million tonnes annually.

Strategic partnership with CPP Investment

This financing marks a strategic partnership between Enfinity Global and CPP Investments. Geoffrey Souter, Managing Director and Head of Real Asset Credit at CPP Investments, expressed his enthusiasm for the partnership, highlighting the promising long-term returns for the CPP fund.

Future Impact and Expansion

In addition to these projects, Enfinity plans to develop and commission facilities that will supply more than 5 GWh of electricity. They will be implemented over the next three years, including power purchase agreements (PPAs). The company also plans to diversify its activities to offer other zero-net solutions in India and on the global market. It will include energy storage, hybrid renewable energy production, green ammonia and water treatment. The financing secured by Enfinity Global represents a significant step forward for renewable energies in India. It reinforces the company’s commitment to decarbonization and the country’s energy transition.

Register free of charge for uninterrupted access.

Publicite

Latest news

Hydro-Québec launches a 10 G$ energy efficiency plan by 2035
The UK and Eni finalize financing for CO2 storage project in the Irish Sea
Washington criticises anti-fossil policies at IEA summit
Countries accused of overstating carbon sinks to slow energy transition
Saudi Arabia reduces crude consumption for power generation by 2030

Recently published in

SBM Offshore launches €141 million share repurchase program after completing €130 million one

SBM Offshore announces the launch of its €141 million ($150 million USD) share repurchase program, following the completion of the €130 million program, as part of its strategy to reduce capital and support employee programs.
Air Liquide forecasts limited impact from tariff increases on its results
Air Liquide anticipates a limited direct impact from global tariff hikes, while expecting an increase in its operational margin for 2025, despite weak demand in certain industrial sectors.
en_1140290948540-15
Air Liquide forecasts limited impact from tariff increases on its results
Air Liquide anticipates a limited direct impact from global tariff hikes, while expecting an increase in its operational margin for 2025, despite weak demand in certain industrial sectors.
en_1140290948540-15
Eni reduces its quarterly profit by 3% and forecasts savings of 2 billion euros in 2025
Eni announces a 3% drop in its net profit for the first quarter, with savings planned to offset falling oil prices and uncertainty surrounding tariffs. The company expects reduced investment spending in 2025.
en_1140290953540-14
Eni reduces its quarterly profit by 3% and forecasts savings of 2 billion euros in 2025
Eni announces a 3% drop in its net profit for the first quarter, with savings planned to offset falling oil prices and uncertainty surrounding tariffs. The company expects reduced investment spending in 2025.
en_1140290953540-14
Getlink announces a 17% decline in revenue for Q1 2025
Channel Tunnel operator Getlink reported a 17% drop in its revenue for Q1 2025, primarily due to the interruption of its ElecLink cross-Channel cable, and maintains its targets for the year.
en_1140290950540-14
Getlink announces a 17% decline in revenue for Q1 2025
Channel Tunnel operator Getlink reported a 17% drop in its revenue for Q1 2025, primarily due to the interruption of its ElecLink cross-Channel cable, and maintains its targets for the year.
en_1140290950540-14

Sinopec unveils global energy forecast to 2060 at event in Saudi Arabia

Chinese giant Sinopec publishes its first international global energy outlook, forecasting a peak in primary energy consumption by 2045 and a rise in non-fossil energy sources.
TotalEnergies to shut ethylene unit in Antwerp amid European overcapacity
TotalEnergies’ Antwerp platform plans to end operations of one steam cracker by late 2027, while continuing investments in green hydrogen and sustainable fuels.
en_1140290950540-12
TotalEnergies to shut ethylene unit in Antwerp amid European overcapacity
TotalEnergies’ Antwerp platform plans to end operations of one steam cracker by late 2027, while continuing investments in green hydrogen and sustainable fuels.
en_1140290950540-12
Shanghai Electric signs major energy deals in Saudi Arabia and Oman
Shanghai Electric has secured strategic partnerships with Masdar and Mawarid Group for large-scale solar and wind projects, strengthening its industrial presence in the Middle East.
en_1140290957540-10
Shanghai Electric signs major energy deals in Saudi Arabia and Oman
Shanghai Electric has secured strategic partnerships with Masdar and Mawarid Group for large-scale solar and wind projects, strengthening its industrial presence in the Middle East.
en_1140290957540-10
Halliburton posts 67% drop in net profit for the first quarter
Weaker North American market conditions weighed on Halliburton's quarterly results, despite strong international activity and revenues exceeding analysts’ expectations.
en_1140290954540-12
Halliburton posts 67% drop in net profit for the first quarter
Weaker North American market conditions weighed on Halliburton's quarterly results, despite strong international activity and revenues exceeding analysts’ expectations.
en_1140290954540-12

Artificial intelligence in energy to reach $58.66bn by 2030

The global artificial intelligence market applied to the energy sector is expected to grow at an annual rate of 36.9% between 2024 and 2030, according to a report published by MarketsandMarkets™ on April 22.
Vinci enters a new era as Xavier Huillard steps down from chief executive role
Xavier Huillard departs from Vinci’s executive leadership after two decades of major transformations, handing over to Pierre Anjolras following Thursday’s general assembly.
en_1140290943540-13
Vinci enters a new era as Xavier Huillard steps down from chief executive role
Xavier Huillard departs from Vinci’s executive leadership after two decades of major transformations, handing over to Pierre Anjolras following Thursday’s general assembly.
en_1140290943540-13
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
Technip Energies wins contract for sustainable aviation fuel project engineering in Australia
Technip Energies has secured a contract with Jet Zero Australia for the engineering of a project aimed at producing sustainable aviation fuel in Townsville, Australia, with an annual capacity of 102 million litres by 2028.
en_1140290956540-9
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8
South Africa: Eskom launches process to create a subsidiary dedicated to renewables
South African group Eskom has issued a call for tenders to establish an independent entity focused on renewable energy, as part of its strategic restructuring.
en_1140290959540-8

France Chimie warns of potential closure of 47 plants due to trade war

France Chimie warns that 47 industrial sites in France and up to 350 across the European Union could shut down without an emergency response to the escalating trade tensions with the United States and China.
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7
Rice and ExxonMobil launch strategic collaboration in sustainable energy research
A master agreement between ExxonMobil and Rice University initiates a series of joint energy research projects focused on technological innovation in water treatment and resource recovery.
en_1140290962540-7
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6
SBM Offshore secures USD1.1bn from 13 banks to refinance debt
Dutch group SBM Offshore has secured a new USD1.1bn revolving credit facility from an international banking consortium, extending and enlarging a previous financing agreement.
en_1140290950540-6
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540
Equinor creates new division to consolidate flexible and renewable energy assets
Equinor restructures operations to enhance earnings in growing power markets by merging its renewables and flexible generation assets into a single business unit.
en_1140290983540

Data centre electricity demand driven by AI expected to double by 2030

According to the International Energy Agency, artificial intelligence will drive a global rise in data centre electricity consumption, reaching the current level of Japan’s national use by the end of the decade.
Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion
Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
en_1140290966540-2
Sinopec and Aramco strengthen their alliance for the Yanbu complex expansion
Sinopec and Saudi Aramco have signed a framework agreement to expand the Yanbu complex, aiming to establish an integrated refining and petrochemical platform with high industrial capacity.
en_1140290966540-2
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6
Fusion Fuel targets UK with £50mn acquisition in fuel distribution
Fusion Fuel has signed a letter of intent to acquire a UK-based fuel distribution company valued at £50mn, as part of its strategy to expand its presence across the energy value chain.
en_1140290946540-6
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5
SBM Offshore sells FPSO Cidade de Paraty in $400 million leaseback deal
SBM Offshore finalises a non-recourse leaseback agreement worth $400 million for FPSO Cidade de Paraty, transferring ownership to a consortium of Chinese lessors for an eight-year period.
en_1140290954540-5

Copper producers bet on growth as investment strategies diverge

Mining companies are turning to copper production to drive growth from 2025, marking a strategic shift in capital allocation, according to Wood Mackenzie.
Autoliv secures energy supply with two European renewable contracts
Swedish manufacturer Autoliv signs two 12-year renewable power purchase agreements with Alight and Eurowind Energy to ensure stable supply and anticipate volatility in European energy markets.
en_1140290944540-4
Autoliv secures energy supply with two European renewable contracts
Swedish manufacturer Autoliv signs two 12-year renewable power purchase agreements with Alight and Eurowind Energy to ensure stable supply and anticipate volatility in European energy markets.
en_1140290944540-4
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
Avangrid bets on advanced technologies to modernise American energy grids
Avangrid brought together over 150 energy stakeholders in Cambridge during its annual forum to accelerate the development of technological solutions involving artificial intelligence, storage, and infrastructure resilience.
en_1140290949540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4
BP initiates succession of chairman Helge Lund ahead of expected 2026 departure
British oil group BP has confirmed the planned departure of its chairman of the board Helge Lund, launching a transition process expected to conclude in 2026.
en_1140290948540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS