Actis subsidiary Nozomi Energy closes financing on Japanese capacity market-winning BESS
AI-summarised brief · reviewed before publication
Actis subsidiary Nozomi Energy secured non‑recourse financing from Aozora Bank to complete a 50 MW/196 MWh battery storage system in Usuki City, Kyushu. The project, part of Japan’s inaugural Long‑Term Decarbonisation Power Source Auction, won a 20‑year fixed‑revenue capacity contract under the LTDA framework. Nozomi’s bid was favored for its lower capacity payments, and the contract obliges operators to return 90 % of merchant profits to OCCTO. The deal marks a significant step in Japan’s battery market development.
💡 Why It Matters
- · The financing confirms Japan’s growing appetite for long‑term battery revenue streams, offering a model that balances modest returns with predictable cash flow for investors.