RELEASE: Enfinity Global closes $195 million in long-term financing for a 70 MW solar power plant

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TOKYO and MIAMI, April 26, 2024 /PRNewswire/ -- Enfinity Global Inc, a leader in renewable energy, has secured $195 million (29.2 billion yen) in long-term financing for a 70 MW solar power plant in Japan. Nomura Securities International Inc., a global financial institution, acted as initial lead arranger/sole bookrunner, and Aozora Bank, a leading Japanese commercial bank, acted as lead arranger/agent.

Located in Aomori prefecture in northern Japan, the solar photovoltaic power plant, which recently came into operation, is expected to produce more than 75 GWh of clean energy per year, enough to supply 11% of energy demand. domestic energy of Aomori City, or about 15,600 homes, and offset 35,000 tons of CO2 emissions annually. The Aomori plant stands out for the effective use of bifacial solar panels in one of the cities in the world where it snows the most.

This plant is part of the 250 MW portfolio that Enfinity Global has in Japan, where the company is positioned as one of the leaders in the sector.

"We are committed to supporting Japan's plan to achieve CO2 neutrality by 2050, through long-term investments and our global experience. We appreciate the trust of our financial partners, Nomura and Aozora", comments Carlos Domenech , CEO of Enfinity Global. "Japan is at an inflection point where clean energy has become a competitive necessity."

"Nomura is delighted to provide a tailored financing solution to support Enfinity Global in its goal of helping Japan achieve climate neutrality," comments Vinod Mukani, Head of Nomura's Infrastructure and Energy Business (IPB). "Nomura supports and provides liquidity to its clients, particularly those like Enfinity Global who have experienced, talented teams and a compelling business strategy that is contributing to the transition to a more sustainable economy."

"Aozora is pleased to support Enfinity Global's projects in Japan," said Hiroki Nakazato, CEO, Head of the Environment Business Group. "Aozora will continue to focus on financing that supports our clients' initiatives to develop renewable energy and the energy transition towards a carbon-free economy."

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