Renova, Inc. has made a final investment decision regarding the large-scale biomass power generation project, 49.9 MW Karatsu Biomass Project, being developed by Renova in Saga prefecture, Japan.
In addition, RENOVA has reached a financial close by signing a financing agreement with financial institutions. Sumitomo Mitsui Banking Corp and The Bank of Fukuoka Ltd acted as lead manager and co-arranger, respectively, while GE Japan now SMFL MIRAI Partners Co Ltd served as a mezzanine lender.
The project is owned by Renova, Toho Gas Co Ltd, JA Mitsui Leasing Ltd, and Innocent Co Ltd.
Country updates
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September 10, 2021
Japan Renewable Energy partners with wpd for 299.5 MW offshore wind farm in Nagasaki
Japan Renewable Energy Corporation (JRE) is partnering with wpd AG for the development of the 299.5 MW offshore wind farm project in Nagasaki Prefecture, Japan. The Saikai Enoshima offshor...
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August 27, 2021
Eneos, Origin Energy start joint study for development of a Japan-Australia carbon-free hydrogen supply chain in Queensland
ENEOS Corporation has concluded a memorandum with Origin Energy to conduct a study on a potential business collaboration for the development of a CO2-free hydrogen supply chain between Japan and Austr...
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August 27, 2021
Mainstream Renewable Power, Aker Offshore Wind selected as PB for 800 MW Japanese floating offshore wind project sale
Aker Offshore Wind and Mainstream Renewable Power have together been selected as the preferred bidder to acquire an initial 50% stake in Progression Energy’s 800 MW floating offshore wind proj...
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August 20, 2021
Orix Bank extends JPY3.1 bn financing for 45 MW solar project in Niigata
Orix Bank Corporation has provided a JPY3.1 billion (US$28.28 million) green debt financing to Renewable Japan Co Ltd to support the development and construction of a 45 MW solar photovoltaic pro...
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August 17, 2021
J-Power, SymEnergy to build the 21 MW Ishikari-Hachinosawa wind project in Hokkaido Island
J-Power is jointly developing the 21 MW Ishikari-Hachinosawa wind project with SymEnergy Inc, located on Hokkaido Island, Japan. The project consists of five 4.2-MW wind turbines, supplied by Ge...
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