Nozomi Energy, a Japanese renewable-energy platform backed by Actis, has reached financial close for the Nozu Battery Energy Storage System (BESS), a 50-megawatt/196-megawatt-hour project located in Nishihata in Nozu Town, Japan.
The company confirmed it secured nonrecourse project financing from Aozora Bank but did not disclose financial details.
The Nozu project was awarded under Japan’s FY2023 Long-Term Decarbonization Auction and benefits from a 20-year consumer price index–linked capacity payment.
Construction on the Nozu project is expected to begin immediately, with completion scheduled for third quarter 2028.
Nozomi Energy is expanding its BESS pipeline alongside solar and onshore wind. The company said the project represents another important milestone in its strategy to develop, finance and operate critical infrastructure supporting the resilience and continuing decarbonization of Japan’s power system. Beyond Nozu, Nozomi Energy is focused
