Enfinity Global Secures $242 Million for Three Japanese Solar Power Plants
Enfinity Global Inc., a leading renewable energy and sustainability services firm, has received $242M (29 billion) in long-term financing for three utility-scale solar PV plants in Japan, totalling 70 MW.
The power plants have 18-year contracts under the FIT scheme. Nomura, a major financial institution, acted as the initial lead arranger/sole bookrunner, while Aozora Bank, one of the largest commercial banks in Japan, acted as lead arranger/agent.
Carlos Domenech, CEO of Enfinity Global, said:
"We are committed to supporting Japan’s ambitious plan to reach carbon neutrality by 2050. We are grateful for the trust shown by our financing partners, Nomura and Aozora Bank."
Vinod Mukani, Global Head of Nomura’s Infrastructure and Power Finance (IPF) group, said:
"Nomura is pleased to provide liquidity and support to Enfinity Global in securing financing for these important solar projects. Nomura is delighted to develop solutions for its clients, particularly those with top-flight teams like Enfinity Global, who are accelerating the energy transition to a low carbon economy.”
Hiroki Nakazato, Executive Officer, Head of Environment Business Group, said:
"Aozora is pleased to have the opportunity to support Enfinity Global’s solar projects in Japan. Aozora will continue to focus on financing that supports our customers’ initiatives to develop renewable energy and the energy transition for a carbon-free economy.”
Enfinity Global announced the acquisition of a 250 MW solar PV portfolio in Japan with an enterprise value of $1 billion earlier this year, consolidating its position as one of the country's industry leaders.