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21 Jan 2025

Vena Energy Announces Commercial Operation of 31.65MW Maibara Solar Project with a corporate PPA placed with mitsubishi corporation clean energy in japan

[Japan; 21 January 2025] Vena Energy, a leading green energy solutions provider in the Asia Pacific region, announces the commencement of commercial operation for its 31.65 MW Maibara Solar Project, located in Maibara City, Shiga Prefecture. This project is built on the site of a former industrial site that had ceased operations.  By transforming a former industrial site into a renewable solar energy plant, this project exemplifies our commitment to sustainability through the revitalization of unproductive land. 

The Maibara Solar Project is expected to generate enough clean renewable energy to power approximately 8,560 Japanese households annually, offering low-emission electricity generation equivalent to avoiding approximately 18,600 tonnes of greenhouse gas emissions per annum and saving up to 31 million litres of water annually compared to conventional thermal energy generation methods.   

Maibara Solar Project has signed a corporate Power Purchase Agreement (PPA) with Mitsubishi Corporation Clean Energy in in February 2024. Through the PPA, Vena Energy contributes to the decarbonisation of companies and, ultimately, of Japan society. 

Raul Rienda, Head of Japan at Vena Energy, expressed gratitude to the people of Shiga Prefecture and Maibara City for their support and allowing Vena Energy to utilising the region’s natural resources to create clean energy. He remarked “The Japanese government has declared that it will achieve “carbon neutrality” by 2050. An important part of achieving carbon neutrality is to actively promote “decarbonization” in industries that consume large amounts of electricity. We are very honoured to be able to contribute to Japan’s carbon neutrality through this PPA contract with Mitsubishi Corporation Clean Energy, by reducing the consumption of electricity derived from fossil fuels and supporting the introduction of clean renewable energy.”