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Represented HD Renewable Energy in the first-ever project bond financing for BESS project based on merchant revenues

Our firm represented HD Renewable Energy as sponsor in its financing of JPY 5.4bil by issuance of project bond backed by the merchant-based BESS project (50MW) developed in Sapporo-city, Hokkaido (asset-backed trust beneficial interests arranged by Nomura).

This is the first-ever project bond arranged by a major securities company for BESS project, which has made an epoch-making benchmark in Japanese market.

Our team was led by Yusuke Murakami and Hiroto Hayashi.