Enfinity Global has secured $195m (¥29bn) in long-term financing for the operational 70MW Aomori solar power plant in Japan.
Global financial institution Nomura Securities International acted as initial lead arranger/sole bookrunner and commercial bank Aozora Bank acted as lead arranger/agent.
Located in Aomori Prefecture in northern Japan, this recently completed solar plant is expected to produce more than 75GWh 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 newly operational PV plant is part of the 250MW solar portfolio owned by Enfinity Global in Japan.
“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,” said the company’s chief executive Carlos Domenech.
“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.”
Head of Nomura’s infrastructure and power business Vinod Mukani added: “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.”
Managing executive officer, head of environment business group Hiroki Nakazato added: “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.”