Infracapital Greenfield Partners I LP is acquiring a majority stake in a portfolio of eleven CHP projects in Italy from Enel X, aiming to capitalize on growth opportunities in the energy efficiency sector.

Information on the Target

Infracapital Greenfield Partners I LP (‘the Fund’) is set to acquire a majority stake in a portfolio of eleven Combined Heat and Power (‘CHP’) projects in Italy from Enel X. This portfolio features projects that are either operational or under construction, totaling a power capacity of 27.5 MW. Additionally, the joint venture (JV) has a robust development pipeline, with potential projects expected to yield over 20 MW annually.

The JV aims to enhance its capabilities by engaging in ancillary services such as demand response to the grid, optimizing the current CHP infrastructure. Moreover, it intends to explore growth opportunities in non-traditional energy sectors, which include alternative energy efficiency technologies, distributed generation, energy storage, and electric vehicle (EV) charging infrastructure.

Industry Overview in Italy

The energy sector in Italy is experiencing significant transformations, driven by the country's commitment to sustainability and reducing carbon emissions. The Italian government has implemented extensive policies and incentives for the development