Enfinity Global, a renewable energy project developer, announced the expansion of its structured credit facility in the U.S. to $245 million.
Nomura was the lead arranger of the asset-based credit facility, with participation from institutional investors including Copenhagen Infrastructure Partners, through its Green Credit Fund I, Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund.
This expansion builds on the $97 million facility signed with Nomura in July 2024, to accelerate 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 funding 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.
Enfinity reports a renewable energy and storage portfolio totaling 35.5 GW, comprising operational, under-construction, and development assets. An additional 37 GW of projects are currently under negotiation across the United States.
“We look forward to expanding our partnership with Enfinity Global with the upsize of its enhanced credit facilities. Delivering customized financing structure and supporting best-in-class operators like Enfinity Global, which provides critical decarbonization and grid stabilization infrastructure, is a cornerstone of our business,” said Alain Halimi, Managing Director, Nomura IPB.
Enfinity was supported by McDermott Will & Emery as legal counsel on this transaction. Norton Rose Fulbright supported lenders.
According to Mercom’s Q1 2025 Solar Funding and M&A Report, debt financing for the solar sector reached $3.5 billion across 23 deals, a 45% drop compared to the $6.4 billion secured in the same number of deals in Q1 2024.
In May, Apricus Generation, a distributed solar and battery development platform and independent power producer, announced that it has secured a $30 million revolving credit facility with Atlantic Union Bank. The funding is expected to provide the company with capital flexibility to accelerate project development.
