Project finance arrangement for the Ishikari Port Offshore Wind Project
Development Bank of Japan Inc. (DBJ), as one of the MLAs, along with other domestic and international banks, has jointly arranged the project finance for Green Power Ishikari GK (Minato-ku, Tokyo, [Mitsuru Sakaki, Executive Officer]; "Green Power Ishikari").
Green Power Ishikari was established for the purpose of offshore wind power generation at Ishikari Bay New Port, Hokkaido Prefecture, by Green Power Investment Corporation (Minato-ku, Tokyo, [Mitsuru Sakaki, Chief Executive Officer]).
Under the project, which is the first port offshore wind project in Hokkaido Prefecture, 112,000kW generation capacity wind plants will be constructed and operated. With the goal of achieving carbon neutrality by 2050 in Japan, this is a highly socially important project pioneering offshore wind power projects that are expected to widely spread and contributing to the further expansion of the introduction of renewable energy.
Under its 5th Mid-Term Management Plan (see the post "About the 5th Mid-Term Management Plan" dated May 20, 2021), DBJ is also promoting its GRIT Strategy,* aimed at fostering a sustainable society through investments and loans. This project will be actively promoted as an initiative connected to the GRIT Strategy.
DBJ will support our clients' efforts to achieve carbon neutrality in Japan in accordance with our corporate philosophy, "Design the future with financial expertise: Continue to expand financial frontiers; Provide the best solutions for customers and society; Pursue sustainable development for Japan and the world."
*In DBJ's "GRIT Strategy," "G" stands for "Green," realization of a green society; "R" stands for "Resilience & Recovery," construction of a flexible, strong, safe and secure regional, social and industrial infrastructure; "I" stands for "Innovation," initiatives for innovations considered feasible for commercialization; and "T" stands for "Transition/Transformation," strategic initiatives for transition toward carbon neutrality and other goals, based on current business fundamentals. These are the Bank's priority areas under the Fifth Medium-Term Management Plan.
＜Green Power Ishikari, Overview of the project＞
| Company Name | Green Power Ishikari GK |
| Company Location | Akasaka Intercity, 1-11-44 Akasaka, Minato-ku, Tokyo, Japan |
| Project Location | Ishikari Bay New Port, Hokkaido Prefecture |
| Nameplate Capacity | 112,000kW (8,000kW × 14 plants) (capacity at the point of interconnection: 99,990kW） |
| Off-Taker | Hokkaido Electric Power Network Inc. |
| Expected COD | December 2023 |
| PPA Period | 20 years |
Inquiries:
Corporate Finance Department, Division 5
Telephone: +81-3-3244-1620