Enfinity Global has secured a $97 million structured credit facility with Nomura, designed to finance a 608 MW portfolio of solar assets in the US under various stages of operation or construction across CAISO, WECC, and SERC markets. As per Enfinity Global, the credit facility will support both development and construction funding for its projects while allowing refinancing of its current operations. The facility has a potential to increase up to $400 million, aiming to support Enfinity’s US development and construction plans. Enfinity’s current US solar and storage portfolio stands at 14.8 GW, with land and interconnection set, alongside another 33 GW under negotiation. Over the next year, the company projects over 1 GW of solar and storage assets to be operational or under construction in the US.
Enfinity Global secures $97 million for US solar projects
The newly secured facility will aid Enfinity Global’s solar projects in CAISO, WECC, and SERC markets at different development stages. (Image Credit/Source: Tom Fisk/Pexels)
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