Vena Energy Secures A JPY 5.36 billion Green Loan Under A Co-Financing Scheme Led By Sumitomo Mitsui Trust Bank For The 17 Mw Nihonmatsu Kaminagaori Solar Project In Fukushima Prefecture In Japan – EQ Mag Pro

Vena Energy, Asia-Pacific’s leading renewable energy company, announced today that it has secured a JPY 5.3bn green loan under a co-financing scheme led by Sumitomo Mitsui Trust Bank in Japan, for the construction of the 17 MW Nihonmatsu Kaminagaori Solar Project in Fukushima Prefecture, Japan (the “Project”).

Scheduled to achieve commercial operations in 2023, the Project will be capable of supplying clean energy to over 4,000 Japanese households yearly, while reducing approximately 11,445 tonnes of greenhouse gas emissions and saving around 16 million litres of water annually, compared to thermal energy generation.

The financing of the Project is aligned with Vena Energy’s Green Financing Framework.

“The Nihonmatsu Kaminagaori Solar Project will be our fourth renewable energy project in Fukushima Prefecture, and we are grateful for the continued support from Sumitomo Mitsui Trust Bank which enables us to continue to contribute to Japan’s energy transition,” said Juan Mas Valor, Head of Vena Energy Japan. “We are excited to deliver this project to the host communities, and we look forward to working closely with them to preserve the environment and biodiversity together.”

“The vision of SuMi TRUST is to contribute towards the development of a sustainable society. Therefore, supporting the provision of clean energy through green loans and being considerate of the natural environment and local communities is a meaningful initiative that is in line with this vision” said Keiichi Hamano, Managing Executive Officer of Sumitomo Mitsui Trust Bank.

Source: venaenergy