Enfinity Global Inc has successfully secured $195 million (¥29.2 billion) in long-term financing for a 70 MW solar power plant in Japan. The financing was led by Nomura Securities International Inc. and Aozora Bank, with Nomura acting as the initial lead arranger and sole bookrunner, while Aozora Bank served as the lead arranger and agent.
Situated in Aomori Prefecture in northern Japan, the newly completed solar power plant is expected to generate over 75 GWh of clean energy annually. This output is sufficient to cater to 11% of Aomori City’s residential energy needs, providing power to approximately 15,600 households, while also offsetting 35,000 tons of CO2 emissions annually. Notably, the Aomori solar power plant distinguishes itself as an exemplary case of effective bifacial solar panel utilisation, particularly significant in one of the world’s snowiest cities.
Part of Enfinity Global’s 250 MW solar PV portfolio in Japan, this newly operational solar power plant reinforces the company’s position as a leader in the industry within the country.
Carlos Domenech, CEO of Enfinity Global, stated, “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. Japan is at an inflection point where clean energy has become a competitive necessity.”
Vinod Mukani, Head of Nomura’s Infrastructure and Power Business (IPB), expressed Nomura’s enthusiasm, stating, “Nomura is excited to provide a bespoke financing solution to support Enfinity Global in its goal of helping Japan reach carbon neutrality. 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.”
Hiroki Nakazato, Managing Executive Officer and Head of the Environment Business Group at Aozora Bank, commented, “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.”
