Abashiri Biomass Power 3 LLC

Abashiri Biomass Power 3 Plant Project - Financing

Industry
Renewables/Biomass
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Japan

Deal Overview

The special project company for the third Abashiri Biomass power plant have signed a syndicated green loan financing. The project will have a 9.9MW capacity and it is located in Abashiri City, Hokkaido. Locally sourced wood chips will be used as the feedstock. Construction began in 2020 with...

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The special project company for the third Abashiri Biomass power plant have signed a syndicated green loan financing. The project will have a 9.9MW capacity and it is located in Abashiri City, Hokkaido. Locally sourced wood chips will be used as the feedstock. Construction began in 2020 with commercial operation for Abashiri 3 scheduled for February 2023. Finance was arranged by Mizuho Bank and JPY5.4 billion for the third plant. The loan are for a period of 15 years and 3 months.

The six sponsors for the project are Japan Petroleum Exploration (JAPEX), MITSUBISHI GAS CHEMICAL COMPANY, SMFL MIRAI Partners Company, TOKYO ENERGY & SYSTEMS, WIND-SMILE (WINS), and Nippon Paper Lumber Co.

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Deal Volume
$39.92m
Financial Close
27 June 2022

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Projects

Abashiri 3 Biomass Power Plant Project

Greenfield
Biomass
Asia Pacific
Japan
$39.92m