Infracapital Greenfield Partners I LP acquires a majority stake in eleven Combined Heat and Power projects in Italy from Enel X, marking a significant step in their strategy to expand in the energy efficiency market.

Information on the Target

Infracapital Greenfield Partners I LP ('the Fund') is set to acquire a majority stake in an impressive portfolio of eleven Combined Heat and Power ('CHP') projects located in Italy from Enel X. These projects, which are either operational or currently under construction, possess a combined total power capacity of 27.5MW. Furthermore, the joint venture (JV) boasts a robust development pipeline, with additional projects anticipated to generate over 20MW annually.

The portfolio not only demonstrates immediate operational capacity but also presents opportunities for the JV to engage in ancillary services such as demand response to grid challenges. By optimizing the utilization of the existing CHP infrastructure, the JV aims to expand its market presence in various energy services. The venture will also explore growth avenues in innovative energy sectors, including alternative energy efficiency technologies, distributed generation, energy storage solutions, and electric vehicle (EV) charging infrastructure.

Industry Overview in Italy

Italy's energy sector is experiencing significant transformation, primarily due to advancements in technology and an increasing focus on sustainability. The government is investing heavily in renewable energy initiatives, promoting