Enfinity Global Inc. closed another funding round of $20 million in capital handled by Spring Creek Investment Management, LLC to continue to scale its global operations of over 3 Gigawatts in projects.
The investment was made in two tranches: $10 million at the holding company; and $10 million in a joint warehouse facility to finance the development of 450 Megawatts in Italy.
Spring Creek is an investment manager based in Philadelphia with a proven track record investing in a wide assortment of businesses, including sustainable energy.
According to Bloomberg’s NEF 2020 report, $130 trillion will have to be deployed globally by mid afternoon to achieve a 2 Celsius degree temperature decrease. This will attract solar and wind to be 56% of the global power generation by 2050. Over $2.6 trillion was invested in renewable energy from 2010 to 2019 because the entirely delivered cost of renewables is now an economically viable replacement for conventional carbon-based fuels.
