- August 10, 2022
- Posted by: Bastion team
- Category: World News
From: Mercom Capital Group
Enfinity Global, a renewable energy company, has secured $242 million (~$¥29 billion) in long-term financing for three solar projects in Japan totaling 70 MW. Nomura, a financial institution, acted as the initial lead arranger/sole bookrunner, and Aozora Bank, a Japanese commercial bank, served as the lead arranger/agent.
U.S.-based renewable energy developer and holding company Longroad Energy Holdings has announced an equity investment of $500 million by MEAG, an asset management arm for entities of Munich Re, for the expansion of its 1.5 GW portfolio of owned assets to 8.5 GW of wind, solar, and storage projects in the next five years. New Zealand Superannuation Fund (NZ Super Fund), and Infratil, a listed entity managed by Morrison & Co., will join MEAG to support Longroad’s strategic renewable portfolio expansion.
The Eurasian Development Bank (EDB), an investment firm, provided $37 million in financing for the construction of 11 solar power projects with a total capacity of 65 MW in the Gegharkunik and Aragatsotn Regions of Armenia. All the projects are scheduled to get commissioned in 2022. The investment will be repaid from payments under electricity sales contracts between the borrower and the Electric Networks of Armenia.
ArcLight Capital Partners, a private equity firm focused on energy, infrastructure, and energy transition, announced that its affiliate, Sequitur Renewables, has agreed with affiliates of…