Enfinity Global Inc., a leading U.S.-based renewable energy company, has sold a minority stake of approximately 49% in two large-scale battery energy storage system (BESS) projects totaling 380 MW to Daiwa Energy & Infrastructure Ltd. (DEI), the alternative asset management arm of Japan’s Daiwa Securities Group Inc. Enfinity Global will retain the majority ownership of about 51% and will continue to lead the development, construction, and long-term asset management for both projects.
The first of these projects is a 250 MW, two-hour duration (500 MWh capacity) BESS located in the Houston zone of ERCOT in the United States. The second is a 130 MW, four-hour duration (520 MWh capacity) BESS situated in Italy’s Veneto region. Both projects are scheduled to begin operations by 2027. This partnership represents a strategic global collaboration between Enfinity and Daiwa, designed to enhance grid resilience and support increasing electricity demands driven by the expansion of data centers, AI technologies, and industrial electrification in both the U.S. and European markets.
Carlos Domenech, CEO of Enfinity Global, said in a statement, “We are honored to partner with Daiwa Energy & Infrastructure, one of Japan’s leading financial institutions, to bring new investments to the USA and Italy. This is a win-win outcome and creates a demonstrable case study; strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors.”
Jun Hayakawa, Deputy President of DEI, stated, “With the current favorable environment for energy storage worldwide, driven by increasing renewable power generation capacity and robust electricity demand led by data centers, we believe this partnership represents a significant step for DEI to further expand its renewables and storage portfolio on a global scale. Enfinity Global is an outstanding partner and is well positioned to capitalize on the rapidly growing renewables and energy storage markets around the world.
Ricardo Diaz, Global Head of Capital of Enfinity Global and General Manager for Americas, mentioned, “We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimize returns.”
Enfinity Global is a rapidly growing independent power producer with a diversified global portfolio of 35.5 GW, including 20.9 GW of solar and wind projects and 14.6 GW of battery storage systems. The company currently operates 1.1 GW of assets, with another 1.2 GW under construction. Legal counsel for Enfinity was provided by Winston & Strawn and DLA Piper, while Daiwa was advised by Orrick Herrington & Sutcliffe, Ensight Energy Consulting, and Ernst & Young.
