Enfinity Global has successfully closed a $97 million structured credit facility with Nomura, aimed at enhancing its 608 MW solar portfolio across the United States. This portfolio includes both operational assets and projects currently under construction, spanning key markets such as CAISO, WECC, and SERC.
The asset-based credit facility is designed to provide essential financing for both development and construction phases of Enfinity’s projects. Furthermore, it will facilitate strategic refinancing for the company’s existing operational fleet. Notably, the facility has the potential to increase up to $400 million, enabling Enfinity to accelerate the growth of its U.S. development and construction initiatives.
Enfinity Global boasts a substantial 14.8 GW portfolio of solar and energy storage assets in the U.S., with land and interconnection agreements already in place. The company is also negotiating an additional 33 GW of potential projects. Over the next 12 months, Enfinity anticipates having more than 1 GW of solar and storage assets operational or under construction.
Carlos Domenech, CEO of Enfinity Global, stated, “Nomura has been a foundational financing partner to Enfinity in the U.S. and Japan as we accelerate the expansion of our global IPP platform.” He emphasized the flexibility of Nomura’s model in capital formation and deployment, which is vital for driving momentum in their portfolio.
Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business, expressed enthusiasm for the partnership: “We are pleased to have another opportunity to partner with Enfinity as it continues to build on its track record of successful deployment of large-scale clean energy assets supporting the energy transition. We look forward to continuing to support Enfinity’s ambitious growth in the industry.”
