, Japan

Vena Energy bags JPY5.36b green loan for 17MW solar project

The project is scheduled to start commercial operation in 2023.

Vena Energy has secured a green loan, worth JPY5.36b, to develop a 17-megawatt solar project. 

The project, funded through a co-financing scheme led by Sumitomo Mitsui Trust Bank in Japan, will be located at the Nihonmatsu Kaminagaori Solar Project in Fukushima Prefecture in Japan.

“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,” Juan Mas Valor, Head of Vena Energy Japan, said.

Read more: Vena Energy’s hybrid solar, battery project in Australia hits financial close

It is scheduled to start commercial operations in 2023. The new solar project is expected to supply clean energy to more than 4,000 Japanese households annually. 

This is also equivalent to reducing 11,445 tonnes of greenhouse gas emissions and some 16 million litres of water conserved annually. 

“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,” Keiichi Hamano, Managing Executive Officer of Sumitomo Mitsui Trust Bank, said.


Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!