Singapore’s Vena Energy announced today it has started the commercial operation of a 53-MW solar plant in Japan's Ibaraki prefecture.
Known as the Kasama solar project, the facility is now capable of generating enough clean energy to meet the demand of more than 14,000 households per year.
The solar park was partially financed through a JPY-16.9-billion (USD 113.1m/EUR 103.7m) loan arranged by MUFG Bank Ltd, with co-financing by Joyo Bank, and secured in June 2023.
The project has the capacity to provide renewable energy to more than 14,000 households annually. It is projected to avoid approximately 38,000 tonnes of greenhouse gas emissions each year and save up to 54 million litres of water annually compared to traditional thermal energy generation methods.
“We are grateful to Ibaraki Prefecture, Kasama City, and our host communities for their support of the Kasama Solar Project,” said Raul Rienda, head of Japan at Vena Energy.
“Moving forward, as a leading company in the renewable energy sector, we are committed to realising a zero-carbon society while preserving the natural environment and contributing to the local economy,” he added.
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