Enfinity Global has completed the minority sale of its 400-megawatt U.S. operating portfolio to Kyushu Electric Power Co., a Japanese utility. Kyushu Electric now has a 40 percent equity interest in this portfolio, while Enfinity Global retains 60 percent and serves as the long-term asset manager of the portfolio.
In September 2023, Kyushu Electric and Enfinity Global signed a definitive agreement for this deal, which includes 28 operational solar photovoltaic power plants located in California, North Carolina and Idaho.
Enfinity plans to build its 11.6-gigawatt proprietary pipeline in the United States over the next few years and pursue further investment opportunities in both M&A transactions and agreements with renewable-energy developers. The company recently announced the acquisition of 546 megawatts of solar assets under development from CS Energy in Colorado.
“Our strategy is to partner with investors such as Kyushu Electric that share similar long