Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, August 03 2022 - 22:23
Enfinity Global closes $242 million of long term financing for three operational solar power plants in Japan
TOKYO, Aug. 3, 2022 /PRNewswire-AsiaNet/ --

Enfinity Global Inc, a leading renewable energy and sustainability services 
company, has secured $242M (¥29 billion) in long-term financing for three 
recently completed utility scale solar PV plants in Japan totaling 70 MW. The 
power plants are contracted for 18 years under the FIT program. Nomura, a 
global financial institution, acted as initial lead arranger/sole bookrunner 
and Aozora Bank, one of the leading Japanese commercial banks, acted as lead 

"We are committed to support Japan's ambitious plan to reach carbon neutrality 
by 2050," said Carlos Domenech, CEO of Enfinity Global. "We are grateful for 
the trust shown by our financing partners, Nomura and Aozora Bank."

"Nomura is pleased to provide liquidity and support to Enfinity Global in 
securing financing for these important solar projects," said Vinod Mukani, 
Global Head of Nomura's Infrastructure and Power Finance ("IPF") group. "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."

"Aozora is pleased to have the opportunity to support Enfinity Global's solar 
projects in Japan," said Hiroki Nakazato, Executive Officer, Head of 
Environment Business Group. "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."

Earlier this year, Enfinity Global announced the acquisition of a 250 MW solar 
PV portfolio in Japan with an enterprise value of $1 billion that consolidated 
Enfinity Global position as one of the industry leaders in the country. 

About Enfinity Global

Enfinity Global Inc., together with its subsidiaries, is a US-based leading 
renewable energy and sustainability services company. As a global renewable 
energy solutions platform, it focuses on developing, financing, building, 
operating, and owning renewable energy assets. With offices across North 
America, Asia and Europe, the company develops sustainable solutions that help 
achieve zero-carbon footprints and enable a smooth transition to a carbon-free 
economy worldwide. For more information about Enfinity Global, please visit:

About Nomura

Nomura is a global financial services group with an integrated network spanning 
over 30 countries and regions. By connecting markets East & West, Nomura 
services the needs of individuals, institutions, corporates and governments 
through its three business divisions: Retail, Wholesale (Global Markets and 
Investment Banking), and Investment Management. Founded in 1925, the firm is 
built on a tradition of disciplined entrepreneurship, serving clients with 
creative solutions and considered thought leadership. Nomura's Infrastructure 
and Power Finance provides a diverse pool of financing solutions to project 
owners globally. For further information about Nomura, visit

About Aozora Bank Group

Aozora Bank Group is a unique financial group that operates and develops its 
business nationwide and global. Our mission as finance professionals is "to 
contribute to the development of society through the creation of new 
value-added financial services" and, through the contribution to the well-being 
of all of our stakeholders including environment, society, customers, 
shareholders, and our employees, seek to create social and economic value.

Aozora aims to realize new business creation, collaborating with regional 
financial institutions across Japan and a wide variety of business partners. In 
order to better service its retail and corporate customers, Aozora leverages 
its expertise across group companies providing services such as overseas 
subsidiaries, internet banking, loan servicing, securities, research 
institutes, investment trusts, real estate investment advisory, M&A advisory, 
and corporate investment. For more information about Aozora, please visit:

Photo -

Source: Enfinity Global