Enfinity secures $195M for 70MW Japan solar plant

Apr 29, 2024 02:20 PM ET
  • Enfinity Global Inc secures $195 million for 70-MW solar plant in Japan, supporting Aomori's clean energy goals and powering thousands of households. CEO committed to carbon neutrality by 2050.

Renewables developer Enfinity Global Inc has secured USD 195 million in financing for a 70-MW solar power plant in Japan. The funding will support a recently completed solar park in Aomori, part of Enfinity's 250-MW PV portfolio in the country. The Aomori facility is expected to generate over 75 GWh of clean energy annually, enough to power 11% of Aomori City's residential energy demand or 15,600 households.

Enfinity Global CEO Carlos Domenech stated the company's commitment to Japan's goal of carbon neutrality by 2050. Nomura Securities International Inc and Aozora Bank were the lead arrangers for the long-term financing, showing confidence in Enfinity's global capabilities as a long-term investor in renewable energy projects.

How much clean energy will Enfinity's solar power plant in Japan generate annually?

  • The 70-MW solar power plant in Aomori, Japan, is expected to generate over 75 GWh of clean energy annually
  • This amount of energy is enough to power 11% of Aomori City's residential energy demand
  • It is also equivalent to powering 15,600 households with renewable energy
  • Enfinity Global Inc's CEO Carlos Domenech has expressed the company's commitment to Japan's goal of carbon neutrality by 2050
  • The financing for the solar park was secured through Nomura Securities International Inc and Aozora Bank, showcasing confidence in Enfinity's capabilities as a long-term investor in renewable energy projects.

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