Enfinite Capital, Diode Ventures sell solar development to international renewable energy company

Kansas City-headquartered Enfinite Capital and Diode Ventures have sold a Fort Bend, Texas solar photovoltaic project to international renewable energy leader ACCIONA, according to a Monday news release.

With U.S. headquarters in Chicago, Spanish conglomerate ACCIONA develops and manages infrastructure solutions, particularly in renewable energy, for construction, water and industrial.

The acquired facility in Texas will provide renewable energy to fast-growing zones near Houston, said the release, and as demand for renewable energy grows, will help ACCIONA extend its influence in U.S. solar generation.

“This transaction represents a very good result for project investment capital and a significant step in the advancement of Enfinite’s planned program of important infrastructure development in cooperation with Diode and Black & Veatch,” David Brain, CEO of Enfinite Capital, said.

Enfinite Capital houses its main operations in Kansas City, Mo. and serves as an investment and asset management firm specializing in renewable energy, infrastructure and other highly engineered real estate assets.

Founded by Black & Veatch, Diode Ventures develops global energy and data infrastructure projects.

“With solar power continuing to surge in demand as a cleaner, greener provider of electricity, we’re pleased to see this ambitious project advance closer to becoming a reality,” Brad Hardin, Diode Ventures’ president, said. “This is another important step toward sustainability and lowering our carbon footprint in an evolving electric marketplace, and we’re proud to be part of it.”

ACCIONA now owns 100 percent of the photovoltaic project in development, the addition now the company’s fourth investment in the Texas and its first solar photovoltaic project in the state.

Once complete, the Fort Bend project is expected to create around 300 jobs during construction and expand renewable energy capacity in the region.