Finance

Enfinity Global raises $113m for Italian, UK battery portfolio

The Miami-based developer has secured bond finance from France’s Eiffel Investment Group for battery energy storage system (BESS) projects. Enfinity has a 5.1 GW Italian and 1.3 GW UK BESS pipeline.

By

Sergio Matalucci

May 21, 2025

US developer Enfinity Global has secured an investment of up to €100 million ($113 million) from four of Paris-based Eiffel Investment’s funding vehicles into bonds issued by Enfinity to back European energy storage and solar development.

“Enfinity Global has raised a total of €865 million for Europe [-based projects] across multiple senior and junior financing deals,” the Miami-based developer wrote. “The company is among the top 10 independent power producers in Italy by installed capacity, with 232 MW of operational capacity, 538 MW under construction, and 805 MW of approved solar projects. Enfinity is also a leader in the Italian solar PPA [power purchase agreement] market, having signed up a third of new contracted capacity in 2024.”

The Eiffel Investment cash is the first package raised by Enfinity for its European BESS portfolio. The developer claims a 6.4 GW BESS pipeline, of which 5.1 GW is in Italy and 1.3 GW in the United Kingdom.

“Storage is a strategic pillar for Enfinity, which aims to provide 24/7 renewable energy solutions to industrial and corporate customers while contributing to the resilience of electricity grids,” the Floridian company said.

From pv magazine Italia.

Written by

Sergio Matalucci
Sergio Matalucci is a journalist and writer specializing in energy, geopolitics, and international relations. He has worked for Reuters, served as Western Europe correspondent for Natural Gas Europe, and was a senior editor at Ruptly. In addition to his position at pv magazine, he collaborates with several Italian and international publications, including Staffetta Quotidiana and Arte.
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