Enfinity Global Inc., a prominent player in the renewable energy sector, has announced its acquisition of 546 MW of solar assets currently under development from CS Energy in the State of Colorado. This strategic move represents a significant step forward in Enfinity's ongoing efforts to execute its long-term business strategy within the United States. Moreover, this acquisition exemplifies the value Enfinity brings to developers, who regard the company as a trusted partner capable of aligning capital and accessing the global supply chain, thereby gaining a competitive advantage in terms of cost efficiency and reliability.
The acquired portfolio comprises three solar projects in Colorado, a highly appealing solar market that has mandated 100% renewable energy generation by 2050. This portfolio complements Enfinity's existing development footprint within the Western Electricity Coordinating Council (WECC) and will be seamlessly integrated into the company's in-house development processes and team. It is anticipated to yield an annual recurring EBITDA of approximately $59 million with investment-grade counterparties. Construction of these projects is slated to commence within the next two years, and once operational, they will generate 1,054 GWh of clean electricity annually—enough to power up to 57,000 US households and equivalent to removing 101,500 cars from the road.
Enfinity Global stands as one of the fastest-growing independent renewable energy power producers, boasting a global portfolio exceeding 17 GW, which includes 7.3 GW of energy storage assets and 1 GW of operational assets. Within the United States, Enfinity Global manages a portfolio of 400 MW and operates 28 solar PV power plants across California, Idaho, and North Carolina. Furthermore, the company possesses 6 GW of solar and storage assets in various stages of development throughout the country. Over the past year, Enfinity has successfully secured $380 million of capital in the United States, further solidifying its market position.
Enfinity continues to fortify its presence in the market by leveraging its fully integrated platform, deploying operational expertise across the entire renewable energy value chain, and extending its international footprint.
About Enfinity Global
Enfinity Global Inc. is a leading US-based renewable energy and sustainability services firm established in 2018. The company has a portfolio of 17 GW of renewable energy production and storage projects, encompassing operational assets, projects under construction, and those in various stages of development. With a global presence spanning the United States, Europe, and Asia, Enfinity aims to play a substantial role in the transition to a net-zero carbon-sustainable economy. Enfinity's leadership team, recognized as one of the most experienced in renewables globally, brings over $37 billion of financing experience within the renewable energy sector and a track record of developing and acquiring over 15 GW of solar and wind assets.
About CS Energy
CS Energy is an industry-leading engineering, procurement, and construction (EPC) firm specializing in renewable energy. The company designs and builds optimized projects in solar, energy storage, and emerging energy industries. With a successful track record of designing and installing over 1.5 GW of solar and 470 MWh of energy storage projects across the United States, CS Energy is a trusted partner for solar developers, independent power producers (IPPs), utilities, off-takers, suppliers, and landowners. As part of American Securities, a leading US private equity firm, CS Energy leverages strong industry relationships to streamline project development, reduce costs, and create value for all stakeholders in the long term.