#Japan #Tokyo #Clean Energy Connect #Project Financing #Non-FIT Solar

Clean Energy Connect's Significant Funding Boost for Solar Projects

In an impressive move toward sustainable energy solutions, Clean Energy Connect has recently announced that it has secured a substantial 3.67 billion yen ($27 million) through project financing for its Non-FIT low-pressure solar power generation facility. This initiative aims to support corporate Power Purchase Agreements (PPAs) and underscores the company's unwavering commitment to combating climate change through renewable energy.

The funding was orchestrated in collaboration with major financial institutions, namely Yokohama Bank and San-in Godo Bank, alongside the Decarbonization Support Organization (JICN) as mezzanine lender. With this latest funding round, Clean Energy Connect has achieved a cumulative capital raising of an impressive 61.1 billion yen, showcasing its robust approach to financing green initiatives.

Project Summary

The project, aptly titled Multi-Client Non-FIT Low-Pressure Solar 2025, consists of a 25MW-DC solar power generation portfolio designed to operate offsite under corporate PPA agreements. The funding breakdown for this solar project reveals the strategic financial planning involved:

• - Projected Funding: 3.67 billion yen
• - Sponsor: Clean Energy Connect
• - Operating Company: CN Solar M3 LLC (an SPC funded by Clean Energy Connect)
• - Senior Loan Providers: Yokohama Bank (Arranger and Agent) and San-in Godo Bank (Co-Arranger)
• - Mezzanine Loan Provider: Decarbonization Support Organization (JICN)

The financial resources will be allocated toward various project costs, including development, construction, and operational expenses, all integral to delivering clean energy solutions that meet corporate sustainability standards.

Environmental Impact

With expectations to generate approximately 26.7 million kWh per year, once all systems are operational, this project is anticipated to reduce CO2 emissions by approximately 11,000 tons annually. Such significant contributions to renewable energy generation are crucial in helping companies achieve their sustainability goals.

Clean Energy Connect's Vision

Clean Energy Connect stands at the forefront of providing tailored green power solutions designed to help clients, particularly those engaged in decarbonization initiatives or participating in the RE100 (a global initiative of companies committed to 100% renewable electricity), develop and implement effective sustainable strategies. Their comprehensive services include planning, execution, verification of effectiveness, and achievement of sustainability targets through expedient and flexible one-stop solutions.

The company has already established long-term contracts offering offsite corporate PPA services with various prestigious partners, including Amazon, Dai-ichi Life Insurance, NTT Group, Nomura Real Estate, Sugi Holdings, Fujifilm, Google, Mitsubishi Estate, and Chiba University, set to bolster the growth of green energy.

Future Prospects

Building on this momentum, Clean Energy Connect is embarking on future projects that integrate solar power with innovative technologies such as battery storage, wind power, and Building Energy Management Systems (BEMS). By improving the utilization rate of renewable energy, Clean Energy Connect aspires to contribute to the broader objective of mitigating climate change through concrete, actionable strategies that support its clients' decarbonization goals and drive sustainable progress.

Company Overview

• - Company Name: Clean Energy Connect Inc.
• - Location: Otemachi, Chiyoda-ku, Tokyo, Japan
• - CEO: Teppei Uchida
• - Industry: Corporate Green Power Solutions, Non-FIT Renewable Energy Generation

As companies worldwide prioritize sustainability in their operations, Clean Energy Connect positions itself as a leader in transforming the energy landscape through innovative renewable energy solutions and strategic partnerships.