LOCAL WEBSITES

Vena Energy Announces 18-Megawatt Towada Solar Project Achieving Commercial Operation

[Tokyo, Japan] Vena Energy, one of Asia-Pacific’s leading Independent Power Producers (IPP), announced today that the 18-megawatt “Towada” Solar Project has achieved complete commercial operation in November 2019. Capable of producing up to 19,704-megawatt hours annually, the Towada Solar Project features 46,424 photovoltaic modules of 395-watt peak (Wp) each, covering an area of 28.53-hectares in Towada City, Aomori Prefecture in Japan. The Towada Solar Project will be operated by the branch office of Nippon Renewable Energy Operations (NREO), a subsidiary of Vena Energy, based in the Shichinohe City.

“The Towada Solar Project is our 10th project in the Aomori Prefecture, and its addition increases our total operational capacity to 373-megawatts amongst 20 renewable projects across Japan,” said Juan Mas Valor, Vena Energy’s Head of Japan. “In line with the recent Strategic Energy Plan (SEP) and Long-term, Strategy for Decarbonisation (LTSD) approved by the cabinet, we are committed to facilitating Japan’s transition to renewable energy by 2050.”

Construction began in May 2018, and at its peak the Towada Solar Project created 146 jobs in the prefecture. Achieving its Commercial Operation Date (COD), the Towada Solar Project will supply clean, renewable energy to approximately 3,735 Japanese households per year, while reducing 10,857-tonnes of greenhouse gas emissions and 74,852-litres of water annually.

Date

December 2, 2019

For General Inquiries

For Media Inquiries

Angela Tan
Group Head, Corporate Communications
angela.tan@venaenergy.com

For Investor Relations

Juwon Chae
Group Head, Sustainability and Investor Relations
IR@venaenergy.com