Vena Energy secures green loan for 53 MW Kasama solar project in Ibaraki

Vena Energy has secured a green loan for the 53 MW Kasama Solar Project in Ibaraki Prefecture, Japan. 

The JPY16.9 billion (US$121 million) financing arrangement was led by MUFG Bank, Ltd. with co-financing by Joyo Bank in Japan, and it is in line with Vena Energy’s Green Financing Framework. 

The Project will be capable of generating enough clean energy to satisfy the electricity requirements of over 14,000 households yearly, or the equivalent of reducing over 38,000 tonnes of greenhouse gas emissions and saving up to 54 million liters of water, compared to thermal generation.