Latest news with #RicardoDiaz
Cision Canada
26-06-2025
- Business
- Cision Canada
Enfinity Global Expands U.S. Structured Credit Facility to $245 Million to Accelerate Renewable Energy Deployment
MIAMI, /CNW/ -- Enfinity Global Inc., a leader in renewable energy, announced today the successful expansion of its structured credit facility in the United States to $245 million. This latest transaction is part of a broader financing strategy to secure long-term capital for the development, construction, and operation of Enfinity's 22 GW utility-scale solar and energy storage portfolio across the country. The asset-based credit facility was lead-arranged by Nomura, with participation from top-tier institutional investors including Copenhagen Infrastructure Partners (CIP), through its Green Credit Fund I (CI GCF I), Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. "We are grateful for the investments and relationships with Nomura, CIP, HSBC Asset Management, Generate Capital, and Versus Capital Infrastructure Income Fund as we scale our renewable energy portfolio. U.S. customers need cost-competitive energy and innovative solutions to support their growth, and renewable energy is the fastest and most effective way to bring new capacity online to meet that demand", said Carlos Domenech, CEO of Enfinity Global."As long-term owner-operators, we stand behind our power plants alongside our investment partners, ensuring their reliability throughout the entire lifecycle, as we meet our customers' evolving needs." This expansion builds on the $97 million facility signed with Nomura in July 2024, reinforcing the strong partnership between the two organizations and their shared commitment to accelerating the energy transition in the U.S. The initial facility included an upsizing option of up to $400 million, providing flexibility to scale with the company's growing pipeline. Proceeds from the facility will be used to finance Enfinity's development and ready-to-build projects in the U.S., covering both construction equity and pre-NTP capital needs such as equipment procurement, letter of credit support, and final-stage development funding. "We are pleased to partner with top-tier financial institutions to support Enfinity as we continue to materialize successful deployment of large-scale clean energy assets in the U.S.," said Ricardo Diaz, General Manager for Americas of Enfinity Global and Global Head of Capital. "We look forward to continuing the ambitious growth trajectory by tailoring innovative financing solutions at scale with trusted long-term relationships to support our proprietary, in-house developed, high-quality and diversified portfolio". Vinod Mukani, Global Head of Nomura Infrastructure & Power Business (IPB commented, " Enfinity Global has been very successful in expanding its U.S. development pipeline. Leveraging our deep expertise in the sector, we successfully provided a tailored financing solution that will enable Enfinity Global to grow its US business." " We look forward to expanding our partnership with Enfinity Global with the upsize of its enhanced credit facilities," said Alain Halimi, Managing Director, Nomura IPB. " Delivering customized financing structure and s upporting best-in-class operators like Enfinity Global, which provides critical decarbonization and grid stabilization infrastructure, is a cornerstone of our business."
Yahoo
06-06-2025
- Business
- Yahoo
Enfinity Global sells minority stakes in two BESS projects
Enfinity Global has divested 49% of its interest in two significant battery energy storage system (BESS) projects, with a combined capacity of 380MW, to Daiwa Energy & Infrastructure. The projects, located in the US and Italy, will enhance grid resilience and meet increasing power demands. The US-based project is situated in the Houston zone of the Electric Reliability Council of Texas area and has a 250MW BESS with a two-hour duration and 500 megawatt hours (MWh) capacity. Located in the Veneto region, the Italian project comprises a 130MW BESS with a four-hour duration and 520MWh capacity. Operations for both projects will commence by 2027. Enfinity Global maintains a controlling stake of 51% and is tasked with overseeing the development, construction and long-term asset management of both projects. Enfinity Global CEO Carlos Domenech stated: 'We are honoured to partner with Daiwa Energy & Infrastructure, one of Japan's leading financial institutions, to bring new investments to the USA and Italy. 'This is a win-win outcome and creates a demonstrable case study, strengthening the grid capabilities, accelerating powering of reliable competitive clean energy for customers, cross-border capital investments at attractive returns, and bringing the best global solutions by long-term responsible sponsors.' The partnership with Daiwa will bolster infrastructure to support data centres, AI and industrial electrification in both regions. Legal aspects of the transaction were managed by Winston & Strawn and DLA Piper for Enfinity Global, while Daiwa Energy & Infrastructure sought counsel from Orrick Herrington & Sutcliffe, Ensight Energy Consulting and Ernst & Young. Enfinity's global head of capital and general manager for the Americas Ricardo Diaz stated: 'We are pleased to be able to bring in Daiwa Energy & Infrastructure as a capital partner to our BESS projects in the US and Italy. Bringing long-term, like-minded investors as shareholders in our global portfolios is central to our capital formation strategy to accelerate growth and optimise returns.' In a related development, Enfinity Global secured a €100m ($112.2m) bond facility from Eiffel Investment Group to propel the deployment of energy storage and solar photovoltaic projects across Europe. "Enfinity Global sells minority stakes in two BESS projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
