New Delhi, Sep 14 (PTI) Renewable energy solutions platform Enfinity Global and CarVal Investors have entered into a USD 300 million loan facility to fund Enfinity's three gigawatts of renewable energy projects.

As per the estimates of International Renewable Energy Agency (IRENA), a USD 131 trillion investment will be required to achieve net zero CO2 emissions by 2050.

Also Read | Joe Cury; Against ALL Odds, From Homeless & Suicidal to $18MM in Sales.

“We are very pleased to have CarVal as a partner in our journey. Together we have designed a $300 million facility that aligns sustainable investment guidelines with the execution capabilities required to be a leader in the net zero carbon economy,” Carlos Domenech, CEO of Enfinity Global said.

Also Read | AI and Machine Learning Can Prevent Fraud Attacks, Says Cupid Chan.

Enfinity Global Inc, together with its subsidiaries, is a global renewable energy solutions platform focused on developing, financing, building, operating and owning renewables.

With offices across the US, Europe, and Asia, the company develops energy solutions to help achieve a zero-carbon footprint and enable a sustainable transition to a carbon-free economy worldwide.

CarVal Investors is a global alternative investment manager focused on credit-intensive assets and market inefficiencies.

It has approximately USD 10 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)