Friday, June 14, 2024

Enfinity Global closes $195 million of long-term financing for a 70 MW operational solar energy plant in Japan


TOKYO and MIAMI, April 26, 2024 /PRNewswire/ — Enfinity Global Inc., a pacesetter in renewable vitality, has secured $195 million (¥29.2 billion) in long-term financing for a 70 MW solar energy plant in Japan. Nomura Securities International Inc., a worldwide monetary establishment, acted as preliminary lead arranger/sole bookrunner and Aozora Bank, one of many main Japanese industrial banks, acted as lead arranger/agent.

Located in Aomori Prefecture within the northern a part of the nation Japan, this just lately accomplished solar energy plant is predicted to provide greater than 75 GWh of fresh vitality per 12 months, sufficient to produce 11% of Aomori City’s residential vitality wants, or about 15,600 houses, and offset 35,000 tons of CO2 emissions per 12 months. The Aomori solar energy plant is a profitable instance of the efficient use of bifacial photo voltaic panels in one of many snowiest cities on the earth.

This new operational solar energy plant is a part of the 250 MW photo voltaic PV portfolio owned by Enfinity Global in Japanthe place the corporate is positioned as one of many trade leaders.

“We are dedicated to help in Japan plan to change into carbon impartial by 2050 by leveraging our world capabilities and changing into a long-term investor. We admire the belief of our financing companions, Nomura and Aozora”, SAYS Carlos DomenechCEO of Enfinity Global. Japan is at an inflection level the place clear vitality turns into a aggressive necessity”.

“Nomura is worked up to supply a bespoke financing resolution to help Enfinity Global in its purpose of serving to Japan attaining carbon neutrality”, mentioned Vinod Mukani, Head of Infrastructure and Power Business (IPB) of Nomura. “Nomura is happy to help and supply liquidity to its shoppers, particularly these like Enfinity Global with skilled and gifted groups and a pretty enterprise technique that contributes to the transition to a clear financial system in vitality.”

Aozora is delighted to have the chance to help Enfinity Global’s photo voltaic initiatives Japan“, SAYS Hiroki NakazatoManaging Executive Officer, Head of the Environment Business Group. “Aozora will proceed to deal with financing that helps our prospects’ initiatives to develop renewable vitality and the vitality transition for a carbon-free financial system.”

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SOURCE Enfinity Global

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