The State Oil Fund of the Republic of Azerbaijan (SOFAZ) to acquire a minority stake in a 402 MW photovoltaic (PV) portfolio from Enfinity Global.

The State Oil Fund of the Republic of Azerbaijan (SOFAZ), a sovereign wealth fund dedicated to managing the nation’s oil and gas revenues, with a commitment to safeguarding and enhancing wealth for future generations, agreed to acquire a minority stake in a 402 MW photovoltaic (PV) portfolio from Enfinity Global, a leading Independent Power Producer focused on generating and commercializing renewable energy solutions. Financial terms were not disclosed. “Through this strategic collaboration with Enfinity Global, SOFAZ supports the delivery of competitive, clean energy to meet Italy’s growing energy needs, while contributing to local economic development and household energy access. As a forward-looking institutional capital provider, we remain committed to supporting strategic investment opportunities in Italy and across Europe,” Israfil Mammadov, SOFAZ CEO.