TOKYO, Mar 31 (Pulse News Wire) – Renova,inc. (9519.T) announced today that its affiliate, Aoruwan Power Co., Ltd., has finalized financing agreements with SBINewborn Bank for a 90MW/270MWh battery storage project in Art One Chikuden.
The non-recourse project financing deal marks a significant milestone as it represents the largest such project in Japan and sets a precedent for future large-scale initiatives. The project, scheduled to commence operations in 2028, aims to address growing power demand while supporting renewable energy integration through grid stabilization services. With a total capacity of 352MW currently operational or under construction, RENOVA plans to achieve a cumulative capacity of 900MW by 2030, positioning battery storage as a key strategic area in its mid-term business plan.
The financing agreement includes a loan amount of approximately ¥6 billion. RENOVA's CFO, Yoshihiro Yamaguchi, stated that the impact of this financing on the current fiscal year’s performance forecast was already reflected in the revised earnings outlook released on March 27, 2026. Additionally, RENOVA holds rights to acquire equity stakes held by co-sponsors SMFL Mirai Partners and NCS Art Ii Capital Kabushiki Kaisha post-operation commencement, which would increase RENOVA's ownership ratio to 80.0% if exercised.
This development underscores RENOVA's commitment to advancing sustainable energy solutions and enhancing shareholder value through innovative projects.
🟢 Confidence: High AI-translated content.