Renova, Inc has made a final investment decision for Ishinomaki Hibarino Biomass Energy GK as the operator of the Ishinomaki Hibarino Biomass Power Generation Project. In addition, RENOVA has reached a financial close by signing a financing agreement with 18 financial institutions. Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp are acting as lead arrangers, while JA Mitsui Leasing Ltd serves as mezzanine lender.
Renova will work on the development together with three co-sponsors, namely Tokyo Gas Co., Ltd., United Purpose Management, Inc. and Mizuho Leasing Co., Ltd., in an effort to increase the corporate value of the Ishinomaki Hibarino Biomass Project.
By means of power plant construction and business operation, Renova will contribute to local and financial revitalization in the area centering on the city of Ishinomaki through job creation and the revitalization of port and harbor, as it seeks to achieve collaborative creation in partnership with local communities
Country updates
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March 10, 2020
Fukushima Hydrogen Energy Research Field (FH2R) starts operation in Fukushima Prefecture
The New Energy and Industrial Technology Development Organization (NEDO), Toshiba Energy Systems & Solutions Corporation (Toshiba ESS), Tohoku Electric Power Co., Inc., and Iwatani Corporation has...
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March 04, 2020
MHI Vestas secures turbine order for 139 MW Akita Noshiro Offshore Wind Farm Project
MHI Vestas Offshore Wind has completed firm and unconditional orders from Akita Offshore Wind Corporation (AOW) to supply turbines for the Akita and Noshiro offshore wind farms, jointly referred...
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March 03, 2020
Toshiba completes the 25 MW GNE Togo Mega solar project in Hyuga
Toshiba Infrastructure Systems & Solutions Corp has completed the 25 MW GNE Togo Mega solar photovoltaic plant built on a 535,000 sq.m. area in Hyuga town, Miyazaki prefecture, Japan. ...
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March 02, 2020
TESS Engineering starts operation of 14.4 MW Chiba Katori Mega Solar Power Plant
TESS Engineering Co Ltd has completed the construction and commences the operation of the 14.4 MW Chiba Katori Mega Solar Power Plant in Japan. The solar photovoltaic project consists of&n...
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February 25, 2020
Pacifico Energy starts construction of 111.1 MW solar power generation plant in Nishimuro-gun
Pacifico Energy K.K. has commenced the construction of a 111.055 MW(DC) solar power generation plant in Wakayama Prefecture, Japan. The plant, the first that Pacifico Energy developed in Wakayama Pref...
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