Enfinity Global has successfully secured $195 million (¥29 billion) in long-term financing for its operational 70MW Aomori solar power plant in Japan. Nomura Securities International and Aozora Bank played pivotal roles in facilitating this milestone, with Nomura acting as the initial lead arranger/sole bookrunner and Aozora Bank serving as the lead arranger/agent.
Situated in Aomori Prefecture in northern Japan, this recently completed solar facility is poised to make a significant impact on clean energy production. With an estimated annual output exceeding 75GWh, it is anticipated to fulfill approximately 11% of Aomori City's residential energy needs, powering approximately 15,600 households and offsetting a staggering 35,000 tons of CO2 emissions annually.
The Aomori solar power plant represents a crucial component of Enfinity Global's expansive 250MW solar portfolio in Japan, underscoring the company's commitment to sustainable energy initiatives. Carlos Domenech, Chief Executive of Enfinity Global, emphasized the company's dedication to supporting Japan's ambitious goal of achieving carbon neutrality by 2050.
“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,” stated Domenech. “Japan is at an inflection point where clean energy has become a competitive necessity.”
The financing arrangement not only signifies a strategic partnership between Enfinity Global and its financial backers but also highlights the growing importance of clean energy investments in Japan's economic landscape. Vinod Mukani, Head of Nomura's infrastructure and power business, expressed enthusiasm for supporting Enfinity Global's vision of advancing Japan's transition to a clean energy economy.
“Nomura is excited to provide a bespoke financing solution to support Enfinity Global in its goal of helping Japan reach carbon neutrality,” Mukani commented. “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, echoed similar sentiments regarding the collaboration, emphasizing Aozora's commitment to financing renewable energy projects and facilitating the transition to a carbon-free economy.
“Aozora is pleased to have the opportunity to support Enfinity Global's solar projects in Japan,” Nakazato stated. “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.”
