Grid battery project loans · Business services
A.D.Works announces ¥1.14bn in loans for battery storage sites
Chiba Bank will finance battery systems at two sites in Mie and Kumamoto.
A.D.Works announced ¥1.1431 billion in financing from Chiba Bank for two grid-scale battery storage projects. The combined loan agreements were signed in September and disclosed on November 10.
The funds will pay for battery systems at sites in Taki, Mie prefecture, and Kumamoto. The projects are intended to support renewable energy supply through electricity trading, balancing services and capacity markets.
The borrower is a subsidiary of AD Works Group. Chiba Bank provided the financing through its environmental-equipment lending programme.
Use of funds
Install grid-scale battery storage systems in Taki, Mie, and Kumamoto
Funding history
Grid battery project loans · This round¥1.1B