TOKYO and MIAMI, April 26,
2024 /PRNewswire/ -- Enfinity Global Inc., a leader in
renewable energy, has secured $195
million (¥29.2 billion) in long-term financing for a 70 MW
solar power plant in Japan. Nomura
Securities International Inc., a global financial institution,
acted as initial lead arranger/sole bookrunner and Aozora Bank, one
of the leading Japanese commercial banks, acted as lead
arranger/agent.
Located in Aomori Prefecture in northern Japan, this recently completed solar power
plant is expected to produce more than 75 GWh of clean energy
annually, enough to supply 11% of Aomori City's residential energy
demand, or about 15,600 households, and offset 35,000 tons of CO2
emissions annually. The Aomori solar power plant stands out as a
successful example of the effective utilization of bifacial solar
panels in one of the world's snowiest cities.
This newly operational solar power plant is part of the 250 MW
solar PV portfolio owned by Enfinity Global in Japan, where the company is positioned as one
of the industry leaders.
"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 appreciate the confidence of our financing partners,
Nomura and Aozora", said Carlos
Domenech, CEO of Enfinity Global. "Japan is at an inflection point where clean
energy has become a competitive necessity".
"Nomura is excited to provide a bespoke financing solution to
support Enfinity Global in its goal of helping Japan reach carbon neutrality", said Vinod
Mukani, Head of Nomura's Infrastructure and Power Business (IPB).
"Nomura is delighted to support and provide liquidity to its
clients, particularly those like Enfinity Global who have
experienced and talented teams and an attractive business strategy
which is contributing towards the transition to a clean energy
economy."
"Aozora is pleased to have the opportunity to support
Enfinity Global's solar projects in Japan", said Hiroki Nakazato, Managing 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."
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