Wedoany.com Report-Jul. 5, Enfinity Global, a renewable energy company headquartered in Waregem, Belgium, has expanded its structured credit facility in the United States to $245 million. Announced in 2025, the funding will support the development, construction, and operation of its 22 GW portfolio of utility-scale solar and energy storage projects across the US. The initiative builds on a $97 million facility signed with Nomura in July 2024, which included an option to increase up to $400 million.

Enfinity Global’s 2 MW Winter Wheat project in California

The expanded funds, led by Nomura, include contributions from institutional investors such as Copenhagen Infrastructure Partners (via Green Credit Fund I), Generate Capital, HSBC Asset Management, and Versus Capital Infrastructure Income Fund. The capital will finance development-stage and ready-to-build projects, covering construction equity, equipment procurement, letter of credit support, and final-stage development costs. Legal counsel for Enfinity was provided by McDermott Will & Emery, while Norton Rose Fulbright advised the lenders.

Founded in 2005, Enfinity Global manages a 35.5 GW global portfolio of renewable energy projects. In the US, it operates 400 MW of projects and has 458 MW under construction, with an additional 21.5 GW in permitting and development. Operational projects include the 2 MW Winter Wheat facility in San Joaquin, California, the 56 MW CSolar South, and the 46 MW CSolar West in Imperial Valley, California, alongside assets in North Carolina and Idaho.

According to the Energy Information Administration (EIA), solar energy is a key driver of new electricity generation capacity in the US. Utility-scale solar capacity grew from 96.9 GW in March 2024 to 128.6 GW in March 2025. Over the 12 months ending March 2025, solar facilities, including utility- and small-scale projects, generated 321,830 GWh, a 28% increase from 250,539 GWh in the prior period. The EIA projects continued growth, forecasting 153 GW of utility-scale solar capacity by the end of 2025, a 26.3% increase, and 182 GW by the end of 2026, reflecting a 19.5% rise. This trajectory indicates a doubling of capacity from 91 GW at the end of 2023 to 182 GW by 2026.

Enfinity’s expanded funding supports the US’s growing reliance on solar energy to meet electricity demands sustainably. The company’s projects contribute to this trend by enhancing renewable energy infrastructure and supporting local economies through job creation and clean energy development. By leveraging innovative financing and strategic partnerships, Enfinity aims to advance the transition to renewable energy across the United States.