Enfinity Secures $245 Million for 22 GW Solar-Storage Portfolio Expansion in the U.S.
Key Insights
Enfinity Global has expanded its U.S. credit facility to $245 million to support a 22 GW utility-scale solar and energy storage portfolio.
The funding, led by Nomura and backed by institutional investors like Copenhagen Infrastructure Partners, will cover development, construction, and operational costs.
Enfinity's U.S. portfolio includes 400 MW of operational projects and 21.5 GW in development, reflecting rapid solar growth in the region.
The EIA projects U.S. utility-scale solar capacity to double to 182 GW by 2026, underscoring the sector's robust expansion.
Enfinity Global has secured a $245 million expansion of its structured credit facility in the United States, aimed at accelerating the development, construction, and operation of its 22 GW utility-scale solar and energy storage portfolio. The funding, lead-arranged by Nomura, includes participation from institutional heavyweights such as Copenhagen Infrastructure Partners (CIP), Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. This builds on an initial $97 million facility signed with Nomura in July 2024, which included an upsizing option of up to $400 million.
The proceeds will be allocated to development-stage and ready-to-build projects across the U.S., addressing critical capital needs such as construction equity, pre-notice-to-proceed funding, equipment procurement, and letter of credit support. Legal counsel for the transaction was provided by McDermott Will & Emery for Enfinity, while Norton Rose Fulbright advised the lenders.
Founded in 2005 and headquartered in Waregem, Belgium, Enfinity Global boasts a global renewable energy portfolio of 35.5 GW, with 1.1 GW of operational assets in the U.S., Italy, Japan, and India, and 1.3 GW under construction. In the U.S. alone, the company operates 400 MW of solar projects, with an additional 458 MW in construction and a staggering 21.5 GW in permitting and development stages. Notable projects include the 56 MW CSolar South and 46 MW CSolar West facilities in California, alongside smaller installations like the 2 MW Winter Wheat project.
The U.S. solar market continues its meteoric rise, with utility-scale capacity reaching 128.6 GW in March 2025, up from 96.9 GW a year earlier, according to the Energy Information Administration (EIA). Solar generation has also surged, with 321,830 GWh produced in the 12 months ending March 2025—a 28% year-over-year increase. The EIA forecasts further growth, projecting a 26.3% rise in installations in 2025 to 153 GW, followed by a 19.5% increase in 2026, culminating in 182 GW of cumulative capacity. This trajectory highlights the sector's pivotal role in the U.S. energy transition.