Enfinity Global secures US$242 million for 70MW of solar PV in Japan

By Tom Kenning
Facebook
Twitter
LinkedIn
Reddit
Email
The power plants have been contracted for 18 years under Japan’s feed-in tariff (FIT) programme. Image: Enfinity

Renewables developer and sustainability services provider Enfinity Global has secured ¥29 billion (US$242 million) in long-term financing for three recently completed utility-scale solar plants in Japan totalling 70MW.

The power plants are contracted for 18 years under the feed-in tariff (FIT) programme. Global financial institution Nomura acted as initial lead arranger and sole bookrunner while Japanese commercial financier Aozora Bank acted as lead arranger.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Back in February, Enfinity purchased a 250MW solar portfolio in Japan for US$1 billion, which included three operational large-scale solar power plants with a cumulative capacity of 70MW and five projects under construction with 180MW cumulative capacity.

“We are committed to support Japan’s ambitious plan to reach carbon neutrality by 2050,” said Carlos Domenech, CEO of Enfinity Global. “We are grateful for the trust shown by our financing partners, Nomura and Aozora Bank.”

Under a business as usual scenario, Japan is forecast to have 111GW of installed solar by 2025 according to RTS Corporation, with this rising to 154GW by 2030. However, under an ‘accelerated scenario’, it could hit 115GW of installed PV by 2025 and go beyond 180GW by 2030.

Last October, Japan’s government approved a plan to raise the national target for renewable energy in the electricity generation mix to between 36% and 38% by 2030. 

PV Tech Premium has delved into the idiosyncrasies of developing larger-solar projects in Japan as the country seeks to decarbonise.

Read Next

July 16, 2025
Planning uncertainty and policy instability regarding renewables in Queensland have seen it slip in investment attractiveness, with New South Wales now leading Australia.
July 15, 2025
Poland has awarded 1.6GW of solar PV in this year’s renewable energy auction, according to the country’s Energy Regulatory Office.
July 14, 2025
Australian renewables developer Edify Energy has submitted plans for a 300MWac solar-plus-storage site in Victoria to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 11, 2025
Solar firms submitted over 1,300 expressions of interest to the latest Italian government renewable energy tender, for a combined 17.5GW of proposed generation capacity.
July 8, 2025
Energy consultancy JMK Research has forecast 28.3GW of utility-scale and residential solar PV to be installed in India during fiscal year 2026.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK