Enfinity Global Secures $245 Million to Accelerate Renewable Energy Expansion in the U.S.
In an exciting development for the renewable energy sector, Enfinity Global Inc. has announced a significant expansion of its structured credit facility in the United States, now totaling $245 million. This move is not just a financial maneuver; it aligns with a broader strategic effort to secure long-term capital intended for the development, construction, and operation of a robust 22 GW solar and energy storage portfolio that Enfinity is spearheading across the nation.
The asset-backed credit facility was primarily arranged by Nomura, featuring participation from top-tier institutional investors such as Copenhagen Infrastructure Partners (CIP) through their Green Credit Fund I, along with Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. This diversified backing reflects strong confidence in Enfinity Global's potential and its commitment to expanding clean energy solutions.
Carlos Domenech, CEO of Enfinity Global, expressed gratitude towards key stakeholders for their financial support, highlighting the crucial role renewable energy plays in providing affordable energy and innovative solutions necessary for growth in the U.S. market. He pointed out, "Customers in the U.S. require affordable energy and innovative solutions to support their growth, and renewable energy represents the fastest and most effective way to bring new capacities online to meet this demand."
This financial expansion builds on an existing credit facility set at $97 million signed in July 2024 with Nomura, emphasizing the strong partnership between the two organizations and underscoring their mutual commitment to accelerating the energy transition in the United States. The initial facility included an option for expansion up to $400 million, offering flexibility to scale in line with the growing pipeline of Enfinity's projects.
The proceeds from this expanded facility will primarily fund Enfinity's developmental and shovel-ready projects throughout the United States, covering both equity needs for construction and pre-construction capital requirements, including equipment procurement and supporting letters of credit necessary for the final development phase.
Ricardo Diaz, General Manager for North and South America at Enfinity Global, expressed optimism about continuing to execute large-scale clean energy projects in the U.S. with the help of premier financial institutions. He noted that the company is dedicated to maintaining a robust growth trajectory by leveraging innovative financing solutions while fostering reliable, long-term relationships to support their internally developed, high-quality, and diversified portfolio.
Vinod Mukani, Global Head of Nomura’s Infrastructure and Power Business, reflected on the successful expansion of Enfinity’s development pipeline in the U.S. Thanks to Nomura's extensive experience in this sector, a tailored financing solution was developed to enhance Enfinity’s growth.
Alain Halimi, Managing Director at Nomura IPB, added that they look forward to strengthening their partnership with Enfinity Global through the expansion of credit facilities. Supporting premier operators like Enfinity Global, essential for decarbonization and grid stabilization infrastructure, is a cornerstone of Nomura's business strategy.
In this groundbreaking transaction, Enfinity was represented by McDermott Will & Emery as legal counsel, while Norton Rose Fulbright acted on behalf of the lenders. With this expansion, Enfinity Global is poised to play an even more significant role in the U.S. renewable energy landscape, setting a precedent for future initiatives aimed at fostering sustainable energy alternatives.
The asset-backed credit facility was primarily arranged by Nomura, featuring participation from top-tier institutional investors such as Copenhagen Infrastructure Partners (CIP) through their Green Credit Fund I, along with Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. This diversified backing reflects strong confidence in Enfinity Global's potential and its commitment to expanding clean energy solutions.
Carlos Domenech, CEO of Enfinity Global, expressed gratitude towards key stakeholders for their financial support, highlighting the crucial role renewable energy plays in providing affordable energy and innovative solutions necessary for growth in the U.S. market. He pointed out, "Customers in the U.S. require affordable energy and innovative solutions to support their growth, and renewable energy represents the fastest and most effective way to bring new capacities online to meet this demand."
This financial expansion builds on an existing credit facility set at $97 million signed in July 2024 with Nomura, emphasizing the strong partnership between the two organizations and underscoring their mutual commitment to accelerating the energy transition in the United States. The initial facility included an option for expansion up to $400 million, offering flexibility to scale in line with the growing pipeline of Enfinity's projects.
The proceeds from this expanded facility will primarily fund Enfinity's developmental and shovel-ready projects throughout the United States, covering both equity needs for construction and pre-construction capital requirements, including equipment procurement and supporting letters of credit necessary for the final development phase.
Ricardo Diaz, General Manager for North and South America at Enfinity Global, expressed optimism about continuing to execute large-scale clean energy projects in the U.S. with the help of premier financial institutions. He noted that the company is dedicated to maintaining a robust growth trajectory by leveraging innovative financing solutions while fostering reliable, long-term relationships to support their internally developed, high-quality, and diversified portfolio.
Vinod Mukani, Global Head of Nomura’s Infrastructure and Power Business, reflected on the successful expansion of Enfinity’s development pipeline in the U.S. Thanks to Nomura's extensive experience in this sector, a tailored financing solution was developed to enhance Enfinity’s growth.
Alain Halimi, Managing Director at Nomura IPB, added that they look forward to strengthening their partnership with Enfinity Global through the expansion of credit facilities. Supporting premier operators like Enfinity Global, essential for decarbonization and grid stabilization infrastructure, is a cornerstone of Nomura's business strategy.
In this groundbreaking transaction, Enfinity was represented by McDermott Will & Emery as legal counsel, while Norton Rose Fulbright acted on behalf of the lenders. With this expansion, Enfinity Global is poised to play an even more significant role in the U.S. renewable energy landscape, setting a precedent for future initiatives aimed at fostering sustainable energy alternatives.
Topics Energy）
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