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

PRESS RELEASE

2 December 2019

[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 342-megawatts amongst 19 renewable projects across Japan,” said Juan Mas Valor, Vena Energy’s Head of Japan. “In line with the recent Strategic Energy Plan (SEP) and Longterm, 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.

About Vena Energy
Vena Energy is one of Asia-Pacific’s largest independent power producers (IPP) of renewable energy
in the Asia-Pacific region, with over 11 gigawatts1 in operation, construction and development.
Headquartered in Singapore, and with presence in Japan, South Korea, Taiwan, Thailand, India,
Australia, Indonesia and the Philippines, Vena Energy manages the development, design,
procurement, construction management and operation of all its solar and wind projects. Vena Energy
is committed to engaging local communities throughout its portfolio projects’ investment life-cycles,
as well as the incorporation of the management of Environmental, Social and Governance (ESG)
standards into its strategy and business practices. For more information, please visit
www.venaenergy.co.jp.