Enfinity Global, a US-based renewable energy developer, has finalized a $164 million (JPY 26 billion) financing arrangement for a 250 megawatt (MW) solar portfolio in Japan. This partnership, involving Macquarie Capital and a syndicate led by Shinhan Asset Management, aims to bolster Enfinity Global's presence and growth prospects in the Japanese renewable energy market.
The portfolio comprises seven operational utility-scale solar projects, along with one project currently under construction, collectively valued at over $1 billion. These assets are projected to generate more than 300 gigawatt-hours (GWh) of clean energy annually, sufficient to power approximately 60,000 Japanese households and mitigate 35,000 tons of CO2 emissions.
“We are delighted to partner with Macquarie and Shinhan as we scale our platform in Japan,” stated Enfinity Global Chief Executive Carlos Domenech. “Japan's energy transition needs world-class companies that invest in these high-quality long-lived assets and support emerging energy needs such as those driven by data centres.”
A representative from Macquarie Capital emphasized the significance of the partnership: “We are thrilled to partner with Enfinity Global to support the financing of this portfolio. Our collaboration underscores our commitment to supporting the growth of high-quality renewable energy projects in attractive markets.”
Macquarie Capital, a division of Macquarie Group and a leading global infrastructure investor, reaffirms its role in driving investments across the infrastructure and power sectors worldwide.
