Invenergy Japan G.K. announced the completion of financing with the MUFG Bank Ltd. and NEC Capital Solutions Co., Ltd. for Koumi Kogen Solar Energy G.K., the first of two large-scale joint solar projects in Japan.
The Koumi Kogen Solar Farm is located on a former golf course in Nagano Prefecture, approximately 100 miles northwest of Tokyo, and will have 10.3MWdc of capacity once it is fully operational. The project represents the first capital investment for the two companies under this partnership, and is expected to enter commercial operation in the summer of 2019.
"This is Invenergy's first project financing in Japan, which represents a significant milestone for us as an international developer of clean energy projects," said Meghan Schultz, Invenergy's Senior Vice President of Structured Finance. "We're very pleased to share this achievement with SB Energy, one of Japan's leading renewable energy companies and one with an outstanding reputation for excellence."