#USA #Miami #Renewable Energy #Credit Facility #Enfinity Global

Enfinity Global Increases Credit Facility to $245 Million for Renewables

Enfinity Global Inc., a prominent player in the renewable energy sector, has recently announced a significant expansion of its structured credit facility in the United States, raising it to an impressive $245 million. This development is part of a broader financing strategy aimed at securing long-term capital for the development, construction, and operation of a substantial solar and energy storage portfolio, which totals 22 GW across the nation.

The asset-backed credit facility was arranged by Nomura with the collaboration of top institutional investors. Notable participants include Copenhagen Infrastructure Partners (CIP) through its Green Credit Fund I, Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. This collaborative approach underscores the growing confidence in Enfinity's innovative solutions for addressing the increasing demand for competitive and sustainable energy in the U.S.

In a statement, Carlos Domenech, the CEO of Enfinity Global, expressed gratitude for the partnerships with key financial institutions. He highlighted the essential role that renewable energy plays in meeting the energy needs of American businesses. "The demand for competitive energy solutions is rapidly increasing, and renewable energy is the fastest and most efficient way to bring new capabilities online," he remarked.

This recent expansion follows a previous agreement, signed in July 2024, which established an initial credit facility of $97 million with Nomura. This previous arrangement included an increase option of up to $400 million, providing the flexibility required to adapt to the growth of Enfinity's pipeline.

The capital raised from this facility will be directed towards funding Enfinity's development and construction projects throughout the United States. This includes covering both construction equity and pre-construction capital needs such as equipment purchases, credit letter support, and financing for the final development phase.

Ricardo Diaz, General Manager for the Americas at Enfinity Global, expressed enthusiasm about the long-term partnerships with leading financial institutions, which support the deployment of large-scale clean energy assets in the U.S. "We look forward to continuing our ambitious growth trajectory by adapting innovative and large-scale financing solutions into our high-quality, internally developed, and diversified portfolio," he noted.

Vinod Mukani, Global Head of Nomura's Infrastructure Power Business, praised Enfinity's success in expanding its development pipeline in the U.S., stating that their in-depth industry expertise allowed them to offer a customized financing solution that empowers Enfinity Global to advance its operations.

Alain Halimi, Managing Director at Nomura IPB, reiterated their commitment to supporting Enfinity Global. He stated, "Providing tailored financing structures and supporting top operators like Enfinity Global, who provide essential decarbonization and grid stabilization infrastructure, is a cornerstone of our business."

In conclusion, Enfinity's expansion of its credit facility marks a significant step in its commitment to accelerating the renewable energy transition in the U.S. The company’s partnerships with leading financial institutions not only showcase their strategic approach to financing but also their dedication to providing innovative energy solutions to meet growing demands. With the increasing emphasis on sustainable energy, Enfinity Global is poised for continued growth and success in the renewable energy landscape.