Vena Energy, Asia-Pacific’s leading renewable energy company, announced today that it has secured a green loan of JPY 8.54B under a co-financing scheme led by Sumitomo Mitsui Trust Bank in Japan for the construction of the 26 MW Kisarazu Shimogori Solar Project. Currently undergoing construction and scheduled to be completed in the fourth quarter of 2022, the financing is aligned with Vena Energy’s Green Financing Framework, and the project will be Vena Energy’s first renewable energy project in Chiba Prefecture. Once completed, the Kisarazu Shimogori Solar Project will be capable of supplying up to 6,082 households with clean energy yearly. It will also save an estimated 24-million liters of water, and reduce approximately 16,980 tonnes of greenhouse gas emissions, compared to thermal generation.
“We are glad to continue our strong relationship with Sumitomo Mitsui Trust Bank, and we look forward to delivering the Kizarazu Shimogori Solar Project to our host communities in Chiba Prefecture. This project is another step in our mission to contribute to Japan’s energy transition plan and energy independence through clean and renewable power,” said Juan Mas Valor, Head of Vena Energy Japan. “We are grateful to our host communities, and we will continue to work closely together throughout the construction and operation of the project, safeguarding the sustainability of the local environment and biodiversity for future generations.”
“At SuMi TRUST, our vision is to contribute towards the development of a sustainable society. Therefore, 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” said Keiichi Hamano, Managing Executive Officer of Sumitomo Mitsui Trust Bank.
