Singapore’s Vena Energy secures a JPY 5.36 billion green loanfor 17-MW solar project in Japan

Singapore-based independent power producer (IPP) Vena Energy has obtained JPY 5.36 billion green loan for the construction of a 17 MW Nihonmatsu Kaminagaori solar park in Japan’s Fukushima Prefecture.

The green loan was extended under a co-financing scheme led by Sumitomo Mitsui Trust Bank in Japan. The Nihonmatsu Kaminagaori photovoltaic (PV) farm is expected to generate enough electricity to supply electricity to over 4,000 local homes per year and offset around 11,445 tonnes of greenhouse gas emissions. The plant’s commissioning is scheduled for 2023.

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