Enfinity Global Secures $195 Million Financing for 70 MW Solar Power Plant in Japan

2024-04-26 18:16:04

Tokyo and Miami (ots/PRNewswire) – Enfinity Global Inc., a leading renewable energy company, has secured $195 million (29.2 billion yen) in long-term financing for a 70 MW solar power plant in Japan. Nomura Securities International Inc., a global financial institution, acted as lead arranger/sole underwriter and Aozora Bank, a leading Japanese commercial bank, acted as lead arranger/agent.

The recently completed solar power plant in Aomori Prefecture in northern Japan is expected to produce more than 75 GWh of clean energy each year, enough to meet 11% of the energy needs of the city of Aomori, or about 15,600 households , and 35,000 tonnes of CO2 emissions each year. to balance. The Aomori solar power plant is a successful example of the effective use of double-sided solar panels in one of the snowiest cities in the world.

This newly commissioned solar power plant is part of Enfinity Global’s 250 MW photovoltaic portfolio in Japan, where the company is an industry leader.

“We are committed to supporting Japan’s plan to become carbon neutral by 2050 by leveraging our global capabilities and being a long-term investor. We are pleased with the trust of our financing partners Nomura and Aozora,” said Carlos Domenech, CEO of Enfinity Global. “Japan is at an inflection point where clean energy is now a competitive necessity”.

“Nomura is pleased to support Enfinity Global’s goal of helping Japan achieve carbon neutrality with a customized financing solution,” said Vinod Mukani, Head of Nomura’s Infrastructure and Power Business (IPB). “Nomura is pleased to provide support and liquidity to its customers, especially those like Enfinity Global, who have experienced and talented teams and an attractive business strategy that contributes to the transition to a clean energy economy.”

“ “Aozora is excited about the opportunity to support Enfinity Global’s solar projects in Japan,” said Hiroki Nakazato, Managing Executive Officer, Head of the Environmental Business Group. “Aozora will continue to focus on financing that supports our clients’ renewable energy development and energy transition initiatives for a zero-carbon economy.”

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