VENA ENERGY SECURES JPY14.5B “SHINSEI GREEN LOAN” FOR THE CONSTRUCTION OF THE NAKASATO WIND PROJECT IN AOMORI PREFECTURE – EQ Mag Pro
Vena Energy, Asia-Pacific’s leading renewable energy company, announced today that it has secured a green loan from Shinsei Bank for the construction of the “Nakasato” Wind Project, which has an installed capacity of 46.8 MW, and a grid capacity of 36 MW.
Dubbed the “Shinsei Green Loan”, the financing comprises a JPY14.478B term loan and aligns with Vena Energy’s Green Financing Framework established in 2018, as well as the Shinsei Green Finance Framework formulated in May 2020.
The Nakasato Wind Project is expected to achieve commercial operations in the first quarter of 2022 and consists of 13 wind turbines spanning an area of 24 hectares. The Project is constructed by a peak workforce of 200 local workers and will be capable of supplying around 22,000 households(1) with clean renewable energy on a yearly basis. Compared to thermal energy generation, the Nakasato Wind Project will also reduce approximately 61,000 tonnes(2) of greenhouse emissions, while saving up to 87 million litres of water annually(3).
“Sustainability is at the heart of Vena Energy’s corporate strategy. We are determined to contribute to the energy transition, the decarbonisation of the economy and the fight against climate change through the generation of wind and solar power and the provision of clean energy storage,” said Juan Mas Valor, Head of Vena Energy Japan. “The Shinsei Green Loan will contribute to delivering the Nakasato Wind Project and support our efforts to sustain the environment, the biodiversity and the people of the Aomori Prefecture.”
“Shinsei Bank incorporates the concepts of sustainability and social impact into our business,” said Hirofumi Kusakabe, Managing Executive Officer, Head of Group Structured Solution at Shinsei Bank. “This transaction, which represents that the Nakasato Wind Project has been developed with due consideration for the environment and local communities and is going to provide environmental benefits in accordance with the Shinsei Green Loan assessment, is an important step in realizing our commitment to a sustainable future.”