Vena Energy gets 162MW Japanese solar project

• Singapore-headquartered renewable energy manufacturer Vena Energy has acquired a 162MW solar PV project in Japan from Spanish developer X-ELIO.

Vena has currently broken ground on the Amateras Shirorishi Solar project in Japan's Miyagi Prefecture, which is expected to create up to 175,000 MWh of power annually when finished.

The purchase brings the variety of Japanese renewables projects in development in Vena's portfolio to 17, with a total capacity of 604MW.

Solar energy is likely to play a crucial role in Japan's future energy market since the country has actually set out a dedication to lower greenhouse gas discharges (GHG) to absolutely no by 2050 earlier this year. Head Of State Yoshihide Suga stated in October that the government would certainly speed up R&D of ingenious solutions to help reach this target, namechecking next-generation solar cells.

Since launching in 2013, Vena has expanded to operate 24 solar plants with 449MW of power generation ability, according to the company's website. More recently, Vena appointed a 41MW solar project in Yaita City, Tochigi Prefecture, in 2018.

Juan Mas Valor, Head of Vena Energy Japan, said the group has actually "developed solid cooperations and also enduring relationships" with local stakeholders throughout the nation, including that the most recent endeavor will certainly "strengthen the advancement of neighborhood framework and also create jobs".

Lluis Noguera, president of X-ELIO, claimed the company will certainly remain to buy additional renewable energy projects in the nation, as well as look for various other partnerships to "accelerate our growth" in Japan.

" Contributing to the Japanese Government target of successfully minimizing CO2 discharges goes to the heart of what we do", Noguera claimed, "and we are 100% dedicated to continue spending to increase this enthusiastic goal."

X-Elio became a 50/50 joint endeavor between US infrastructure fund KKR and Toronto-based property administration team Brookfield Asset Management considering that the completion of a possession shake-up in October last year.