Enfinity Global Secures $245 Million in Funding to Advance Renewable Energy Growth

Enfinity Global Secures $245 Million in Funding to Propel Renewable Energy Growth



In a significant development for the renewable energy sector, Enfinity Global Inc. has announced the expansion of its funding line in the United States to a total of $245 million. This move aligns with the company's long-term strategy to secure the necessary capital for the development, construction, and operation of its solar and energy storage project portfolio, which boasts an impressive capacity of 22 gigawatts (GW) nationwide.

The expanded funding arrangement, led and structured by Nomura, involves contributions from top-tier investors, including Copenhagen Infrastructure Partners (CIP) through its Green Credit Fund I, Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. Carlos Domenech, CEO of Enfinity Global, expressed gratitude for the support received from these financial partners, emphasizing that customers in the U.S. are seeking competitive energy prices and innovative solutions, pointing to renewable energy as the most efficient way to meet this demand.

Domenech added, “As long-term owners and operators, we collaborate with our investors to ensure the reliability of our assets throughout their lifecycle while adapting to the changing needs of our clients.” This funding represents an increase from Enfinity's initial credit line of $97 million secured with Nomura in July 2024. The collaboration between the two entities focuses on accelerating the energy transition in the United States, with the original agreement including an option to extend funding up to $400 million, allowing Enfinity the flexibility needed to further drive its growth in the market.

The investment will be allocated not only to projects currently under development but also to those ready to commence construction. This includes covering essential costs such as equipment acquisition, issuance of bank guarantees, and financing for the final stages of project development.

Ricardo Díaz, General Manager for the Americas and Global Capital Director of Enfinity Global, highlighted the importance of partnering with leading financial institutions in promoting clean energy projects across the United States. “We are confident that we can continue advancing our growth strategy through innovative and scalable financial solutions, supported by strong and lasting relationships,” Díaz stated.

Vinod Mukani, Global Director for Infrastructure and Energy at Nomura, praised Enfinity Global's successful expansion in the U.S. market. “Drawing on our sector expertise, we have crafted a tailored financial solution enabling Enfinity to accelerate its growth within the country,” Mukani noted. Alain Halimi, General Manager at Nomura, added that they look forward to broadening their collaboration with Enfinity Global through the extension of its credit lines, emphasizing the importance of providing customized financial solutions to support top operators such as Enfinity, which are key to developing energy infrastructure essential for decarbonization and grid stability.

The legal counsel for Enfinity during this transaction was provided by McDermott Will & Emery, while Norton Rose Fulbright advised the financial entities involved. As Enfinity Global moves forward with this funding, it not only strengthens its position in the renewable energy sector but also contributes to the overarching goal of sustainable energy practices within the U.S. market, paving the way for future advancements and innovations in the industry.

Topics Energy)

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