Daiwa Energy & Infrastructure (DEI) has acquired a minority stake in two BESS projects developed by Enfinity Global, an independent power producer.
Announced on 4 June, the deal gives DEI a 49% equity interest in 380MW of BESS developments.
These include a 250MW/500MWh project located in the ERCOT market in Texas, US, and a 130MW/520MWh project in Veneto, northeast Italy.
As reported in February, Enfinity’s two Texas projects are due to begin construction in the second and fourth quarters of 2025. The Italian project is expected to come online in Q4 of 2027.
Founded in 2018 by Japanese investment bank Daiwa Securities, invests in infrastructure projects such as solar PV, wind, data centres and battery storage.
The company entered the Texas BESS market in April 2024 through a partnership with Stella Energy Solutions to co-develop the 200MW/480MWh Thomas Cameron BESS project, expected to go live in 2026.
DEI has also partnered with Gotion High-Tech, a Chinese battery manufacturer, to pursue 1GWh of BESS projects in Japan.
Enfinity Global was founded in 2019 and manages a 35.5GW global portfolio of operational, in-construction and planned renewable energy and storage projects. This includes 1.1GW of operational capacity.
Interested in Italy’s solar market? Don’t miss your free ticket to Solar & Storage Live Italia – taking place 8-9 October at the Veronafiere exhibition centre.
