Vena Energy has officially launched commercial operations for its 53-MW solar plant located in Japan’s Ibaraki prefecture. The project, named the Kasama solar project, is expected to generate enough clean energy to power over 14,000 households annually.
The solar facility was partially financed through a loan of JPY 16.9 billion (USD 113.1 million/EUR 103.7 million) arranged by MUFG Bank Ltd, with additional co-financing from Joyo Bank. This financing was secured in June 2023.
According to Vena Energy, the Kasama project is projected to offset approximately 38,000 tonnes of greenhouse gas emissions each year, while also conserving up to 54 million litres of water annually compared to conventional thermal energy plants.
The company’s commitment to sustainability is highlighted by its investment in renewable energy sources to meet increasing energy demands.
