#Japan #Tokyo #Corporate PPA #SBI Shinsei Bank #Clean Energy Connect

Overview of the Project Finance

Clean Energy Connect (CEC), a leader in decarbonization solutions, has successfully secured a total of ¥19.5 billion through project finance from SBI Shinsei Bank. This funding is directed towards the development of approximately 140 MW-DC of Non-FIT small-scale solar power plants across about 1,600 locations as part of their off-site corporate Power Purchase Agreement (PPA) project. This financial boost elevates CEC's cumulative fundraising to ¥80.6 billion, further accelerating the establishment of a long-term stable revenue model through renewable energy assets.

Project Details

Borrowing Entity

The project will be operated by several Special Purpose Companies (SPCs) affiliated with CEC.

Lending Institution

The financing is provided by SBI Shinsei Bank.

Financial Utilization

The funds will be used for the project costs associated with developing, constructing, and operating multiple Non-FIT small-scale solar power plants, totaling approximately 140 MW-DC, leveraging various off-site corporate PPAs.

Expected Benefits

Once operational, the projects are estimated to generate around 14.6 million kWh of renewable energy annually in their first year, translating to a CO2 emission reduction effect of approximately 61,556 tons of CO2 per year.

Background of the Funding

CEC has been instrumental in supporting companies aiming for decarbonization by providing a one-stop, speedy, and flexible solution—from planning the introduction of green power to execution support, effect verification post-implementation, and goal achievement.

Primarily, CEC aims to install Non-FIT small solar power plants across fallow land scattered nationwide, with about 2,700 sites as of March 2026. This strategy facilitates rapid green power introduction and systematic CO2 reduction.

Prominent clients, including Dai-ichi Life Insurance, NTT Group, Tokyu, Nomura Real Estate, Hulic, Sugi Holdings, Fujifilm, Amazon, and Google, rely on CEC to meet their decarbonization and RE100 goals.

Future Commitment

Looking ahead, CEC plans to diversify funding sources and continues to offer advanced green power solutions, including 24/7 carbon-free electricity. CEC is dedicated to making tangible and effective contributions toward addressing climate change as part of its ongoing mission.