Enfinity Global Inc., a renewable energy and services platform, and CarVal Investors have entered into a $300 million loan facility to facilitate the development of Enfinity’s 3 GW renewable energy portfolio. Enfinity reported that the facility aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net-zero carbon economy,
As per the International Renewable Energy Agency, achieving net-zero carbon emissions by 2050 would entail a total investment of $131 trillion. Such investment could mitigate the rise in global temperatures to 1.5ºC.
Enfinity Global Inc., together with its subsidiaries, has its operations across the United States, Europe, and Asia. The company develops energy solutions that align with the motive of achieving a sustainable energy transition towards zero carbon emissions. In December 2020, the firm obtained $20 million from funds managed by Spring Creek Investment Management LLC to scale up its operations, globally.
CarVal Investors is a global alternative investment manager. Their operations center around credit-intensive assets and market inefficiencies. Since 1987, the investment manager has invested over $128 billion in over 5,000 transactions across 82 countries. At present, it has approximately $10 billion in assets under management in corporate securities, loan portfolios, structured credit, and hard assets.