Renewable energy company Enfinity Global has received a $164m (€151.5m) financing package from Macquarie Capital and a Shinhan Asset Management-led consortium to expand its solar projects in Japan.
Enfinity said the financing has been secured to support a 250MW solar portfolio. The Japanese portfolio, comprising seven operational utility-scale project and one project under construction, has an enterprise value of more than $1bn.
“Our collaboration underscores our commitment to supporting the growth of high-quality renewable energy projects in attractive markets,” a representative from Macquarie Capital said.
Carlos Domenech, CEO of Enfinity Global, said: “We are delighted to partner with Macquarie and Shinhan as we scale our platform in Japan.
“Japan’s energy transition needs world class companies that invest in these high-quality long-lived assets and support emerging energy needs such as those driven by data centres”
Established in the US in 2019, Enfinity’s portfolio includes 24.1GW of renewable energy and storage projects across various stages, including operational assets and those under construction.
In September last year, ICG Infra, the infrastructure arm of global alternative asset manager ICG agreed to make a €400m equity investment in Enfinity, to help accelerate the completion of Enfinity’s 17GW portfolio, including 7.3GW of energy storage assets.
In May this year, Canada Pension Plan Investment Board’s credit investment arm also provided Enfinity with $135m in funding for projects in India.
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