CORRECTION - Enlightify Inc. Announces Strategic Partnership with Gaintime Fund to Advance Global Renewable Energy Projects
Enlightify Inc. (NYSE: ENFY) has announced a strategic partnership with Gaintime Industry-Finance Venture Capital Fund Management to develop and invest in global renewable energy projects. The collaboration, formalized on February 5, 2025, will establish the Overseas Ready-to-Build Development Fund, targeting solar, wind, and hydropower initiatives worldwide.
The partnership aims to develop 500 MW of renewable energy projects annually, initially focusing on European and Southeast Asian markets. Several projects ranging from 30 MW to 287 MW are already identified in Bulgaria, Italy, Spain, Bosnia, and Romania, with some having secured necessary permits.
Enlightify Inc. (NYSE: ENFY) ha annunciato una partnership strategica con Gaintime Industry-Finance Venture Capital Fund Management per sviluppare e investire in progetti globali di energia rinnovabile. La collaborazione, formalizzata il 5 febbraio 2025, stabilirà il Fondo di Sviluppo Pronto per l'Estero, con l'obiettivo di sostenere iniziative nel settore solare, eolico e idroelettrico in tutto il mondo.
La partnership mira a sviluppare 500 MW di progetti di energia rinnovabile all'anno, concentrandosi inizialmente sui mercati europei e del sud-est asiatico. Sono già stati identificati diversi progetti che vanno da 30 MW a 287 MW in Bulgaria, Italia, Spagna, Bosnia e Romania, alcuni dei quali hanno già ottenuto i permessi necessari.
Enlightify Inc. (NYSE: ENFY) ha anunciado una asociación estratégica con Gaintime Industry-Finance Venture Capital Fund Management para desarrollar e invertir en proyectos globales de energía renovable. La colaboración, formalizada el 5 de febrero de 2025, establecerá el Fondo de Desarrollo Listo para el Exterior, con el objetivo de apoyar iniciativas de energía solar, eólica e hidroeléctrica en todo el mundo.
La asociación tiene como objetivo desarrollar 500 MW de proyectos de energía renovable anuales, concentrándose inicialmente en los mercados europeos y del sureste asiático. Ya se han identificado varios proyectos que van de 30 MW a 287 MW en Bulgaria, Italia, España, Bosnia y Rumanía, algunos de los cuales han obtenido los permisos necesarios.
Enlightify Inc. (NYSE: ENFY)는 Gaintime Industry-Finance Venture Capital Fund Management과 전략적 파트너십을 체결하여 글로벌 재생 가능 에너지 프로젝트를 개발하고 투자한다고 발표했습니다. 이 협력은 2025년 2월 5일에 공식화되었으며, 전 세계 태양광, 풍력, 수력 프로젝트를 대상으로 하는 해외 준비 개발 기금을 설립할 것입니다.
파트너십의 목표는 매년 500 MW의 재생 가능 에너지 프로젝트를 개발하는 것이며, 초기에는 유럽 및 동남아시아 시장에 집중합니다. 불가리아, 이탈리아, 스페인, 보스니아 및 루마니아에서 30 MW에서 287 MW에 이르는 여러 프로젝트가 이미 확인되었으며, 일부는 필요한 허가를 확보한 상태입니다.
Enlightify Inc. (NYSE: ENFY) a annoncé un partenariat stratégique avec Gaintime Industry-Finance Venture Capital Fund Management pour développer et investir dans des projets mondiaux d'énergie renouvelable. La collaboration, officialisée le 5 février 2025, établira le Fonds de Développement Prêt à l'Étranger, visant des initiatives solaires, éoliennes et hydroélectriques dans le monde entier.
Ce partenariat vise à développer 500 MW de projets d'énergie renouvelable par an, en se concentrant initialement sur les marchés européens et d'Asie du Sud-Est. Plusieurs projets allant de 30 MW à 287 MW ont déjà été identifiés en Bulgarie, en Italie, en Espagne, en Bosnie et en Roumanie, certains ayant déjà obtenu les autorisations nécessaires.
Enlightify Inc. (NYSE: ENFY) hat eine strategische Partnerschaft mit Gaintime Industry-Finance Venture Capital Fund Management angekündigt, um weltweit in Projekte für erneuerbare Energien zu investieren und diese zu entwickeln. Die Zusammenarbeit, die am 5. Februar 2025 formalisiert wurde, wird den Fonds für Bereit zur Entwicklung im Ausland einrichten, der sich auf Solar-, Wind- und Wasserkraftprojekte weltweit konzentriert.
Das Ziel der Partnerschaft ist es, jährlich 500 MW an Projekten für erneuerbare Energien zu entwickeln, wobei zunächst der Fokus auf den Märkten in Europa und Südostasien liegt. In Bulgarien, Italien, Spanien, Bosnien und Rumänien sind bereits mehrere Projekte mit einer Leistung von 30 MW bis 287 MW identifiziert worden, von denen einige die erforderlichen Genehmigungen bereits erhalten haben.
- Partnership targets development of 500 MW renewable energy projects annually
- Multiple projects already identified across European markets with some permits secured
- Project sizes range from 30 MW to 287 MW in capacity
- None.
Insights
This strategic partnership signals a transformative shift for Enlightify, moving beyond its historical operations into the high-growth renewable energy sector. The focus on Ready-to-Build projects is particularly noteworthy, as RTB assets typically command valuations of
The geographic diversification across five European countries provides strategic advantages:
- Multiple regulatory frameworks reduce country-specific risks
- Varied renewable resources optimize portfolio performance
- Different market pricing mechanisms enhance revenue stability
Gaintime Fund's expertise in new energy investments could accelerate project execution and reduce development risks. The partnership structure, emphasizing high-level consultation and departmental coordination, suggests a comprehensive approach to risk management and project optimization.
However, investors should note key considerations:
- Capital requirements for 500 MW annual development could reach
$500-750 million , necessitating clear funding strategies - European renewable markets face grid connection challenges and varying subsidy regimes
- Project execution timelines and regulatory approvals could impact near-term revenue recognition
The partnership's focus on permitted projects indicates a preference for reduced development risk, though this typically comes at higher acquisition costs. The strategy aligns with industry trends toward consolidated development platforms capable of scaling efficiently across multiple markets.
Correction Notice:
A previous version of this press release issued on February 7, 2025 by Enlightify Inc. please note that the name of the cooperation partner was incorrectly stated. The correct name should be Gaintime Industry-Finance (Beijing) Venture Capital Fund Management Co., Ltd. The corrected version is presented below:
XI’AN, CHINA, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Enlightify Inc. (NYSE: ENFY) (“Enlightify” or the “Company” and formerly China Green Agriculture, Inc.) today announced that on Feb. 5, 2025, it has entered into a strategic cooperation agreement with Gaintime Industry-Finance (Beijing) Venture Capital Fund Management Co., Ltd. (“Gaintime Fund”), a prominent fund management company specializing in the new energy investments. This collaboration aims to jointly develop and invest in global renewable energy projects, focusing on solar, wind, and hydropower initiatives.
Under the agreement, Enlightify will join forces with Gaintime Fund to establish the "Overseas Ready-to-Build (“RTB”) Development Fund," targeting high-quality renewable energy projects worldwide. The partnership plans to develop at least 500 MW of renewable energy projects annually, leveraging their combined expertise to optimize resource allocation and reduce overseas investment risks.
The collaboration will initially focus on renewable energy markets in Europe and Southeast Asia, with a portfolio of identified projects, including solar and wind power initiatives in Bulgaria, Italy, Spain, Bosnia, and Romania. These projects, ranging from 30 MW to 287 MW in capacity, are at various stages of development, with several already securing necessary permits and approvals.
"This partnership marks a significant milestone in Enlightify’s commitment to sustainability and global expansion," said Mr. Zhuoyu Li, CEO of Enlightify Inc. "The partnership is built on principles of openness, mutual benefit, and long-term collaboration, ensuring that both parties can fully leverage their unique strengths and resources. Both parties will establish high-level consultation and departmental coordination mechanisms to ensure seamless communication and efficient project execution. By combining our strengths with Gaintime Fund's extensive experience in renewable energy investments, we are well-positioned to drive the development of clean energy projects worldwide, contributing to a more sustainable future."
About Enlightify Inc.
The Company produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”), Beijing Gufeng Chemical Products Co., Ltd (“Gufeng”) and variable interest entities. In 2023, the Company started to purchase digital asset mining machines and established Antaeus Tech Inc. (“Antaeus”) in the State of Delaware and mined digital assets bitcoins in the State of Texas.
About Gaintime Industry-Finance (Beijing) Venture Capital Fund Management Co., Ltd.
Gaintime Industry-Finance (Beijing) Venture Capital Fund Management Co., Ltd. was established in March 2013. It is one of the first 100 private equity fund companies in China and is a fund management company specializing in new energy investments. It actively leverages its platform advantages and investment banking capabilities to engage in various equity investments, asset management, and investment advisory services.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions; development, shipment, market acceptance, additional competition from existing and new competitors; interest rate and currency exchange rate fluctuations; the impact of the recent global outbreak of novel coronavirus disease (COVID-19); technological advances, new products attained by competitors; challenges inherent in new product development; the company’s ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of economies and sovereign risk; dependence on the effectiveness of the company’s protections for innovative products; the exposure to litigation and/or regulatory actions, and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the SEC. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulations.
For more information, please contact:
Enlightify Inc.
Tel: +86-29-88266383
Email: info@cgagri.com
SOURCE Enlightify Inc.
FAQ
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