Singapore's Vena Energy Powers Up 53-MW Solar Project in Japan

• Vena Energy has obtained JPY-16.9-billion financing for its 53-MW Kasama solar project in Ibaraki, Japan. The project will provide clean energy to over 14,000 households annually, as part of the company's 2.7 GW operational portfolio.

Vena Energy has obtained financing for its 53-MW Kasama solar project in Japan. The facility located in Ibaraki prefecture in the Kanto region of Honshu is expected to power more than 14,000 households annually. The company secured a JPY-16.9-billion loan for the project, arranged by MUFG Bank and co-financed by Joyo Bank in Japan. Vena Energy is further expanding its operational portfolio, having commissioned a 272-MW solar park in Taiwan in April and added 562 MW across 10 projects in Japan, Taiwan, and Australia last year, bringing its total operating capacity to 2.7 GW.

What Financing was Secured for Vena Energy's 53-MW Kasama Solar Project?

• Vena Energy secured a JPY-16.9-billion loan for the 53-MW Kasama solar project in Japan.
• MUFG Bank arranged the loan, with co-financing from Joyo Bank.
• The solar project is expected to provide power for over 14,000 households each year.
• This is the latest in a series of expansions for Vena Energy, having commissioned a 272-MW solar park in Taiwan in April and added 562 MW across 10 projects in Japan, Taiwan, and Australia last year.
• With these projects, Vena Energy has now reached a total operational capacity of 2.7 GW.