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0 0.000286532951289545 0.000286532951289545 0.000859598853868227 0.0020057306590258 -0.0020057306590258 0.00257879656160468 0.0108882521489972
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Kingdom Energy Storage Platform Backed by Stonepeak Executes First Project Financing Facility [Yahoo! Finance]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Yahoo! Finance
alternative investment firm specializing in infrastructure and real assets, today announced that it has executed its first long-term project finance loan facility for its Mimasaka project, a 29MW battery energy storage project in Mimasaka, Okayama Prefecture, Chugoku, Japan. MUFG Bank, Ltd. is the original lender and mandated lead arranger. The project incorporates batteries from CATL, the world's largest battery manufacturer. Kingdom owns and manages nine BESS projects in Japan that have each secured a 20-year revenue capacity market contract, which were won in the first two rounds of Japan's Long-term Decarbonization Auction. The nine projects total 479MW of gross capacity. The Mimasaka project is the first of these projects to execute project financing. "Kingdom is firmly committed to supporting Japan in meeting its energy transition goals," said Jay Guo, Chief Executive Officer at Kingdom. "We are extremely excited to embark on this cooperation with CATL and MUFG, whilst conti Show less Read more
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