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Energy Finance Provider of the Year, 2016: Mitsubishi UFJ Financial Group

Japan’s largest bank has grown into one of the world’s largest energy lenders. Among the project finance accomplishments the bank has become involved in and driven this year are several promising renewable energy developments.

As a project finance lender the bank contributes to the global development of renewable energy for reducing greenhouse gas emissions while helping to ensure the sustainable future of both industries and consumer households. Renewable sectors where MUFG has provided debt finance include wind, solar, geothermal, and biomass power generation.

Recently, MUFG arranged ¥35bn in project financing for a solar power generation project in Hosoe, Miyazaki Prefecture. The project is a joint venture between GE Energy Financial Services and Pacifico Energy. The power plant is currently under construction and is scheduled to begin commercial operation in the spring of 2018. The power plant will have a total generation capacity of 96.2 megawatts and is expected to provide power to 30,000 Japanese households a year. In addition, the plant is anticipated to offset approximately 68,200 tonnes of carbon dioxide emissions per year.

In the solar sector, MUFG recently acted as the lead arranger for a $815m solar power project financing transaction that will help sustain the ongoing recovery of Japan’s energy grid, which faltered after the 2011 Fukushima reactor meltdown.

Headquartered in Tokyo, the firm’s reputation for investing in new forms of energy for the sustainable growth of the sector has driven a reputation for identifying and seizing bold opportunities.

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