HD Renewable Energy has secured approximately JPY 5.4 billion in project financing for its Helios 50 MW grid-scale battery energy storage system (BESS) project located in Hokkaido, Japan. The financing was raised through a green project bond supported by Nomura Capital Investment and Nomura Securities. The project has a capacity of 50 MW and actively participates in electricity trading. The financing structure is based on a project finance trust beneficiary right model, with the HD Renewable Energy Group acting as the asset manager.
The financing has a maturity period of up to 19 years, supported by a structured operational and cash flow framework designed to address the variability associated with market-linked revenues. Furthermore, the project operates under a merchant model, generating revenue through electricity trading in Japan’s wholesale power market and balancing market. The project has received an investment-grade BBB rating along with a green bond rating from Rating and Investment Information, Inc.
In March 2026, Mitsui O.S.K. Lines, Ltd., OBAYASHI CORPORATION, Kawasaki Heavy Industries Ltd., and Chiyoda Corporation have jointly established the Japan-New Zealand hydrogen corridor. The initiative will examine the feasibility of producing green hydrogen in New Zealand and exporting it to Japan. The consortium plans to begin the detailed studies in fiscal 2026 to develop a supply chain enabling hydrogen production in New Zealand.