Enlightify Agrees With Huadian Gaintime Fund To Develop Renewable Energy Projects

(RTTNews) - Enlightify Inc. (ENFY) Friday announced that it has entered into a strategic cooperation agreement with Huadian Gaintime (Beijing) Investment Fund Management Co., Ltd. This collaboration is expected to help develop and invest in global solar, wind, and hydropower initiatives, with an annual target of at least 500 MW of renewable energy projects.

Enlightify agreed to join forces with Gaintime Fund to establish the 'Overseas Ready-to-Build Development Fund.'

As per the agreement, Enlightify will serve as the limited partner, while Gaintime Fund will act as the fund manager.

The collaboration will initially focus on solar and wind power initiatives in Bulgaria, Italy, Spain, Bosnia, and Romania, with the capacity ranging from 30 MW to 287 MW.