Enfinity Global secures USD-300m loan facility from CarVal Investors

Solar power plants in Japan. Source: Enfinity Global Inc.

September 14 (Renewables Now) - Renewables developer Enfinity Global Inc has agreed a USD-300-million (EUR 254m) loan facility with global alternative investment manager CarVal Investors, it was announced on Tuesday.

The new facility will allow Enfinity to finance the development of its portfolio of renewable energy projects totalling 3 GW.

In December, the firm said it had obtained USD 20 million from funds managed by Spring Creek Investment Management LLC to continue to scale its global operations.

Enfinity is a platform that originates, finances, builds, operates and owns renewable energy assets in Europe, Asia, Africa and the Americas. According to information available on its website, as of July 2021, about 65% of the projects in its pipeline are located in Europe, 28% are in Asia and 7% in Latin America. Around 5% are already in operation and 7% are in the construction phase.

(USD 1.0 = EUR 0.847)

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