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Vena Energy Announces the Commercial Operation of the

25 MW Wakuya Solar Project

Vena Energy, Asia-Pacific’s leading renewable energy company, announced today the commercial operation of the 25 MW “Wakuya” Solar Project in Miyagi Prefecture, Japan. The Wakuya Solar Project can provide up to 6,197 households with clean energy yearly, and its generation capacity will be equivalent to reducing up to 17,294 tonnes of greenhouse gas emissions, as well as saving up to 24 million litres of water per year.

The Project was constructed by Vena Energy Engineering K.K, the licensed Engineering, Procurement and Construction (EPC) company of Vena Energy in Japan. The construction of the project was financed via long-term green co-financing scheme with six sustainability-focused institutional lenders led by Mizuho Bank. The ceremony to celebrate the Project’s completion was held on 18 November, with representatives from Vena Energy and each of the lenders attending the event.

“We are delighted to have successfully constructed and commissioned Wakuya Solar Project, our 27th renewable energy project in Japan to date, bringing our operational capacity to 541.6 MW across the country,” said Juan Mas Valor, Head of Vena Energy Japan. He further added the following statement: “As a leading fully integrated energy transition company, we strive to deliver the highest quality and most competitive renewable energy projects to our Japanese customers, and to make our contribution to achieving the national target of net-zero greenhouse gas emissions. We are grateful to Mizuho Bank and our bank group for financing our Project, and for their confidence and trust in our construction and sustainability-driven activities.”

Shuhei Ikeda, General Manager of Project Finance Department at Mizuho Bank said, “We are very pleased to be involved in this project’s finance, which brings together all the strengths of Vena Energy across the Asia-Pacific. This project has reached an important milestone with the commencement of commercial operations, and we look forward to continuing our support as a financial institution to Vena Energy in fulfilling its mission to provide clean, low-cost renewable energy.”

Date

November 19, 2021