US-based Enfinity Global has announced a JPY26.24 billion ($162.4 million) financing package for a 250 MW solar portfolio in Japan.
Enfinity Global has seven operational utility-scale solar projects in its portfolio, one of which is under construction. The projects are expected to generate a combined 300 GWh of clean energy annually, enough to power 60,000 Japanese homes. According to Enfinity Global, the portfolio has a estimated enterprise value of more than $1 billion.
Infrastructure investor Macquarie Capital and a syndicate led by Shinhan Asset Management provided the financing.
“Japan’s energy transition needs world-class companies to invest in these high-quality, long-lived assets and support emerging energy needs, such as those powered by data centers,” said Carlos Domenech, CEO of Enfinity Global.
In April, Enfinity Global said it had secured $195 million in long-term financing for a 70 MW solar power plant in Japan.
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