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 Fund to develop and invest in global renewable energy projects. The collaboration, formalized on Feb. 5, 2025, will establish the "Overseas Ready-to-Build Development Fund," with Enlightify serving as the partner and Gaintime Fund as the fund manager.
The partnership aims to develop at least 500 MW of renewable energy projects annually, focusing initially on European and Southeast Asian markets. The portfolio includes projects in Bulgaria, Italy, Spain, Bosnia, and Romania, with capacities ranging from 30 MW to 287 MW. Several projects have already secured necessary permits and approvals.
The collaboration will focus on solar, wind, and hydropower initiatives, with both parties establishing high-level consultation and coordination mechanisms for efficient project execution.
Enlightify Inc. (NYSE: ENFY) ha annunciato una partnership strategica con Gaintime Fund per sviluppare e investire in progetti globali di energia rinnovabile. La collaborazione, formalizzata il 5 febbraio 2025, darà vita al "Fondo di Sviluppo Pronto per l'Estero", con Enlightify che fungerà da partner e Gaintime Fund come gestore del fondo.
La partnership mira a sviluppare almeno 500 MW di progetti di energia rinnovabile all'anno, concentrandosi inizialmente sui mercati europei e del sud-est asiatico. Il portafoglio include progetti in Bulgaria, Italia, Spagna, Bosnia e Romania, con capacità che vanno da 30 MW a 287 MW. Diversi progetti hanno già ottenuto i permessi e le approvazioni necessarie.
La collaborazione si concentrerà su iniziative di energia solare, eolica e idroelettrica, con entrambe le parti che stabiliranno meccanismi di consultazione e coordinamento ad alto livello per un'esecuzione efficiente dei progetti.
Enlightify Inc. (NYSE: ENFY) ha anunciado una asociación estratégica con Gaintime Fund 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 Extranjero", con Enlightify actuando como socio y Gaintime Fund como administrador del fondo.
La asociación tiene como objetivo desarrollar al menos 500 MW de proyectos de energía renovable anualmente, enfocándose inicialmente en los mercados europeos y del sudeste asiático. La cartera incluye proyectos en Bulgaria, Italia, España, Bosnia y Rumania, con capacidades que van de 30 MW a 287 MW. Varios proyectos ya han obtenido los permisos y aprobaciones necesarios.
La colaboración se centrará en iniciativas de energía solar, eólica e hidroeléctrica, con ambas partes estableciendo mecanismos de consulta y coordinación de alto nivel para una ejecución eficiente de los proyectos.
Enlightify Inc. (NYSE: ENFY)는 Gaintime Fund와 글로벌 재생 가능 에너지 프로젝트를 개발하고 투자하기 위한 전략적 파트너십을 발표했습니다. 2025년 2월 5일에 공식화된 이 협력에서 Enlightify는 파트너로, Gaintime Fund는 펀드 매니저로 역할을 맡게 됩니다.
이 파트너십의 목표는 매년 최소 500 MW의 재생 가능 에너지 프로젝트를 개발하는 것이며, 초기에는 유럽 및 동남아시아 시장에 초점을 맞추고 있습니다. 포트폴리오는 불가리아, 이탈리아, 스페인, 보스니아, 루마니아에서 30 MW에서 287 MW까지의 용량을 가진 프로젝트를 포함합니다. 여러 프로젝트는 이미 필요한 허가와 승인을 받았습니다.
협력은 태양광, 풍력 및 수력 프로젝트에 중점을 두며, 양측은 효율적인 프로젝트 실행을 위한 고위급 자문 및 조정 메커니즘을 구축할 것입니다.
Enlightify Inc. (NYSE: ENFY) a annoncé un partenariat stratégique avec Gaintime Fund pour développer et investir dans des projets mondiaux d'énergie renouvelable. La collaboration, officialisée le 5 février 2025, mettra en place le "Fonds de Développement Prêt pour l'Étranger", avec Enlightify agissant en tant que partenaire et Gaintime Fund comme gestionnaire de fonds.
Le partenariat vise à développer au moins 500 MW de projets d'énergie renouvelable chaque année, en se concentrant initialement sur les marchés européens et d'Asie du Sud-Est. Le portefeuille comprend des projets en Bulgarie, en Italie, en Espagne, en Bosnie et en Roumanie, avec des capacités allant de 30 MW à 287 MW. Plusieurs projets ont déjà obtenu les permis et approbations nécessaires.
La collaboration se concentrera sur des initiatives solaires, éoliennes et hydroélectriques, les deux parties établissant des mécanismes de consultation et de coordination de haut niveau pour une exécution efficace des projets.
Enlightify Inc. (NYSE: ENFY) hat eine strategische Partnerschaft mit Gaintime Fund 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 Überseeentwicklungen" ins Leben rufen, wobei Enlightify als Partner und Gaintime Fund als Fondsmanager fungiert.
Das Ziel der Partnerschaft besteht darin, jährlich mindestens 500 MW an Projekten für erneuerbare Energien zu entwickeln, mit anfänglichem Fokus auf die Märkte in Europa und Südostasien. Das Portfolio umfasst Projekte in Bulgarien, Italien, Spanien, Bosnien und Rumänien, mit Kapazitäten von 30 MW bis 287 MW. Mehrere Projekte haben bereits die erforderlichen Genehmigungen und Zulassungen erhalten.
Die Zusammenarbeit wird sich auf Solar-, Wind- und Wasserkraftinitiativen konzentrieren, wobei beide Parteien hochrangige Beratungs- und Koordinierungsmechanismen für eine effiziente Projektdurchführung etablieren werden.
- Partnership targets development of minimum 500 MW renewable energy projects annually
- Multiple projects already identified with secured permits in European markets
- Portfolio includes large-scale projects up to 287 MW in capacity
- Significant capital investment requirements as Partner in the development fund
- Exposure to international market risks in multiple countries
Insights
This strategic partnership marks a transformative move for Enlightify, positioning it at the forefront of the rapidly expanding global renewable energy market. The structure of the RTB Development Fund is particularly noteworthy - by acting as an LP, Enlightify effectively limits its downside risk while gaining exposure to Gaintime Fund's expertise in renewable energy investments.
The portfolio's geographic diversity across Bulgaria, Italy, Spain, Bosnia and Romania provides strategic advantages: these markets offer attractive feed-in tariffs and regulatory support for renewable energy projects. The pre-secured permits for several projects significantly de-risks the development process and could accelerate time-to-market.
The targeted 500 MW annual development capacity represents a substantial commitment. For context, this scale could potentially generate annual revenues in the range of hundreds of millions, depending on power purchase agreement terms and regional electricity prices. The project sizes ranging from 30 MW to 287 MW indicate a balanced approach to risk diversification.
This partnership also signals Enlightify's strategic transformation from its previous operations, leveraging China's expertise in renewable energy manufacturing and development into global markets. The focus on "ready-to-build" projects suggests a faster path to revenue generation compared to early-stage development projects.
Key success factors will include:
- Execution capability in diverse regulatory environments
- Grid connection and power purchase agreement negotiations
- Supply chain management across multiple jurisdictions
- Effective capital deployment and project financing structures
XI’AN, CHINA, Feb. 07, 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 Huadian Gaintime (Beijing) Investment 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. Enlightify will serve as the limited partner (LP), while Gaintime Fund will act as the fund manager (GP). 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 Huadian Gaintime (Beijing) Investment Fund Management Co., Ltd.
Huadian Gaintime (Beijing) Investment 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.
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