Enfinity Global Secures ₹5 Billion Debt Financing from India Infradebt

The funding will be utilized for the development of 200 MW solar projects

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Enfinity Global has secured ₹5.2 billion (~$59 million) in debt financing from India Infradebt for its 200 MW solar projects across India.

Enfinity has a global portfolio of 36 GW of renewable energy and storage projects, including operational projects, under construction, and development assets. It also has an additional 37 GW under negotiation across the U.S. The company has offices in the U.S., Europe, Japan, and India.

Enfinity has mobilized over $41 billion in the renewable energy sector, with more than 26 GW of developed and acquired solar and wind assets.

In 2024, Enfinity generated 1.24 TWh of renewable electricity.

In the same year, its operational portfolio grew by 27% to 1.1 GW, while its total global portfolio expanded by 49% to 32.1 GW of solar, wind, and storage assets.

Recently, Enfinity Global Services secured £316 million (~$373.45 million) in financing for the construction of eight 276 MW utility-scale solar power plants in Italy. The solar projects are expected to be fully operational by the end of 2026.

Cement manufacturing company RCCPL, a subsidiary of Birla Corporation, recently announced an agreement to invest ₹29.4 million (~$333,426) to acquire a 26% stake in Enfinity Global’s special purpose vehicle to procure 6 MW of solar power under the group captive solar model in Kundanganj, Uttar Pradesh.

In March, EG Solwin Renewables (Enfinity Global) was one of the winners in NTPC’s auction to develop 1.2 GW interstate transmission system-connected wind-solar hybrid power projects. EG Solwin won 300 MW at a tariff of ₹3.35 (~$0.0387)/kWh.

Last November, EG Energy Development (Enfinity Global) was among the winners of SJVN’s auction to set up 1,200 MW of interstate transmission system-connected wind-solar hybrid power projects in India. EG Energy won 300 MW at a tariff of ₹3.19 (~$0.0379)/kWh.

According to Mercom India’s 1H and Q2 2025 Solar Funding and M&A Report, total global corporate funding for the solar sector dropped by 39% year-over-year to $10.8 billion in the first half of 2025 from $17.6 billion.

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