Green Power Ishikari Holdings GK

112 MW Ishikari Offshore Wind & Battery Project Financing

Industry
Power/Offshore wind
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Countries
Japan

Deal Overview

Project financing for the Ishikari Offshore Wind & Battery project, a 112MW greenfield project located approximately 3 kilometers from the shore of the Ishikari Bay in Hokkaido, Japan. The Project will feature a battery storage component with 100 MW/ 180MWhr of capacity. The sponsors of the...

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Project financing for the Ishikari Offshore Wind & Battery project, a 112MW greenfield project located approximately 3 kilometers from the shore of the Ishikari Bay in Hokkaido, Japan. The Project will feature a battery storage component with 100 MW/ 180MWhr of capacity. The sponsors of the Project are Pattern Energy Group LP  and its affiliate in Japan - Green Power Investment Corporation.  The project is expected to reach commercial operation in December of 2023, and is supported by a 20-year power purchase agreement with Hokkaido Electric Power Network, Inc. for 100% of the power output.

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Deal Volume
$125.7m
Financial Close
29 November 2022
Sources
Submitted by participant(s)

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Projects

Ishikari Offshore Wind & Battery Project

Greenfield
Offshore wind
Asia Pacific
Japan
$201.62m