HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Jan.2025) — Enfinity Global secured connectivity for 2 GW of utility-scale solar PV and wind projects in the states of Rajasthan, Uttar Pradesh, Maharashtra, and Karnataka in India.
The produced electricity is equivalent to powering 4.7mn households and avoiding 49 million metric tons of CO2 annually. The power generated from these projects is earmarked to cater to government utilities, as well as commercial and industrial (C&I) customers, Enfinity said in 28 Jan. 2025 in an official statement
The development represents a key advancement in the company’s efforts to expand its renewable energy portfolio and contribute to India’s energy transition.
With over 1 GW of projects expected to enter the construction phase this year, including those in Maharashtra and Karnataka starting in the first-quarter 2025 (1Q:25), Enfinity’s renewable energy portfolio in India now totals ~3.3 GW in various stages including 240 MW already operational, 2 GW with granted connectivity, and an additional 1 GW of solar PV, wind, and energy storage projects in development. Enfinity recently awarded a 300 MW Solar-Wind Hybrid project through SJVN’s competitive bidding process in 4Q:24.
Over the next 3 years, Enfinity eyes developing and commissioning renewable power plants to supply over 5 GWh of renewable electricity annually, including through Power Purchase Agreements (PPAs) with C&I customers.
Enfinity is also taking steps to align the necessary capital to execute its portfolio in India through collaboration with national and international financial partners. In May 2024, it closed a $135mn junior financing agreement with the Canada Pension Plan Investment Board (CPP Investments) to support the development and construction of solar and wind projects across the country.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.