Renova finalizes financing for 74.95 MW Sendai-Gamo Biomass Power Generation Project in Miyagi prefecture

RENOVA, Inc. has made a final investment decision for the large-scale Sendai-Gamo Biomass Project with a capacity of 74.95 MW. In addition, RENOVA has reached a financial close by signing a financing agreement with financial institutions led by Sumitomo Mitsui Trust Bank and Resona Bank Ltd acted as lead arrangers, while JA Mitsui Leasing Ltd served as mezzanine lender.

Sendai-Gamo is located in Miyagi prefecture, Japan. The facility uses wood pellets and palm kernel shells (PKS) as a fuel source which produces an annual power generation of about 553,300 MWh, enough to meet the annual consumption of approximately 170,000 households.