Clean Energy Connect Secures 500 Million Yen Commitment Line with Resona Bank, Bringing Total Funding to 81.1 Billion Yen
Overview of Financing
Clean Energy Connect Inc. has signed a commitment line agreement totaling 500 million yen with Resona Bank, Ltd. With this agreement, the company's cumulative funding has reached 81.1 billion yen.
About Clean Energy Connect Inc.
Clean Energy Connect provides green power and environmental value through Non-FIT solar power generation for corporations aiming for decarbonized management and RE100 participants. Established in April 2020, the company develops corporate green power solutions and Non-FIT renewable energy generation businesses.
Purpose of Funding and Future Outlook
This financing framework will be allocated to strengthening the supply system to meet the growing corporate demand for renewable energy. Specifically, by advancing project development in anticipation of future PPAs (Power Purchase Agreements), the company aims to shorten the lead time from PPA formation to the start of power supply and improve supply certainty. Moving forward, Clean Energy Connect plans to deepen cooperation with development companies and accelerate the establishment of a stable and rapid supply system for off-site corporate PPAs utilizing Non-FIT solar power generation.
Financial Institution Partner
- Resona Bank, Ltd.