Kingdom (Stonepeak) secures MUFG financing for 29 MW Mimasaka BESS project in Japan
Type: Financing · Technology: Storage · Country: Japan · Capacity: 29 MW · Announced: 2026-04-07
Kingdom, Stonepeak's battery storage platform, secured project financing from MUFG Bank (mandated lead arranger) for its 29 MW Mimasaka BESS project in Okayama Prefecture, Japan. The project uses CATL batteries and is part of Kingdom's 479 MW portfolio of 9 BESS projects with 20-year revenue contracts from Japan's Long-term Decarbonization Auctions.
Counterparties
- Kingdom (Developer)
- Mitsubishi UFJ Financial Group, Inc. (MUFG) (Lender)
- Stonepeak (Investor)