What is the content of the project that Itochu Enex is participating in Oita Prefecture?

It is a high-voltage system battery storage project in Hida Town, Sooku District, Oita Prefecture. We will develop and operate a facility with a rated output of 51 MW and a rated capacity of 204 MWh.

Who is the operating entity and what is the equity ratio for this project?

The operating entity is a special purpose company (SPC) called 'Altair LLC', and Itochu Enex has invested 800 million yen, holding an equity ratio of 14.5%.

How will the project be financed?

The project will be financed through a project finance arrangement with Aozora Bank as the arranger, adopting a non-recourse funding scheme.

When is the planned start of operations for the battery storage project?

The operation is scheduled to start around September 2028.

What is the purpose of this project?

The purpose is to address the increasing demand for regulation due to the expansion of renewable energy, stabilize the power supply and demand balance, and strengthen our own revenue base.

AI News NQ Analysis

Itochu Enex Announces Investment in Grid-Scale Battery Project in Hiji Town, Oita Prefecture

NQ Score 87/100

N1 Content Completeness 95

Key facts

Itochu Enex Announces Investment in Grid-Scale Battery Project in Hiji Town, Oita Prefecture
Itochu Enex has decided to participate in a large-scale grid battery project (51MW/204MWh) in Oita Prefecture. The company will invest 800 million JPY in SPC LLC Altair. The project, utilizing project finance from Aozora Bank, is scheduled to start operations in September 2028.
Source: PR TIMES
Date: Sat May 30 2026 00:05:52 GMT+0900 (Japan Standard Time)

Direct answer

Itochu Enex has decided to participate in a large-scale grid battery project (51MW/204MWh) in Oita Prefecture. The company will invest 800 million JPY in SPC LLC Altair. The project, utilizing project finance from Aozora Bank, is scheduled to start operations in September 2028.

Citation: Itochu Enex Announces Investment in Grid-Scale Battery Project in Hiji Town, Oita Prefecture (Sat May 30 2026 00:05:52 GMT+0900 (Japan Standard Time)), PR TIMES
Source: PR TIMES
Date: Sat May 30 2026 00:05:52 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Itochu Enex has decided to participate in a large-scale grid battery project (51MW/204MWh) in Oita Prefecture. The company will invest 800 million JPY in SPC LLC Altair. The project, utilizing project finance from Aozora Bank, is scheduled to start operations in September 2028.

AI Analysis

Frequently Asked Questions

Q: What is the content of the project that Itochu Enex is participating in Oita Prefecture?: A: It is a high-voltage system battery storage project in Hida Town, Sooku District, Oita Prefecture. We will develop and operate a facility with a rated output of 51 MW and a rated capacity of 204 MWh.
Q: Who is the operating entity and what is the equity ratio for this project?: A: The operating entity is a special purpose company (SPC) called 'Altair LLC', and Itochu Enex has invested 800 million yen, holding an equity ratio of 14.5%.
Q: How will the project be financed?: A: The project will be financed through a project finance arrangement with Aozora Bank as the arranger, adopting a non-recourse funding scheme.
Q: When is the planned start of operations for the battery storage project?: A: The operation is scheduled to start around September 2028.
Q: What is the purpose of this project?: A: The purpose is to address the increasing demand for regulation due to the expansion of renewable energy, stabilize the power supply and demand balance, and strengthen our own revenue base.