Enlightify Inc. Announces Strategic Partnership with Gaintime Fund to Advance Global Renewable Energy Projects

Rhea-AI Summary

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.

Positive

• 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

Negative

• Significant capital investment requirements as Partner in the development fund
• Exposure to international market risks in multiple countries

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.

FAQ

What is the target capacity for ENFY's renewable energy projects in 2025?

Through the partnership with Gaintime Fund, Enlightify (ENFY) aims to develop at least 500 MW of renewable energy projects annually.

Which countries is ENFY targeting for renewable energy development in 2025?

ENFY is initially focusing on European markets including Bulgaria, Italy, Spain, Bosnia, and Romania, as well as Southeast Asian markets.

What is the largest project size in ENFY's current renewable energy portfolio?

The current portfolio includes projects ranging from 30 MW to 287 MW in capacity.

What role will ENFY play in the Overseas Ready-to-Build Development Fund?

Enlightify (ENFY) will serve as the partner (LP) in the fund, while Gaintime Fund will act as the fund manager (GP).