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Daiwa Securities rebounds on grid-scale battery storage project financing deal with Aozora Bank

Tue May 19, 2026 10:05 am JST Catalyst

Daiwa Securities Group Inc. <8601> rebounded. Earlier in the day, the company announced that a limited liability company invested in by its subsidiary Daiwa Energy & Infrastructure entered into a loan agreement for project financing for a grid-scale battery storage facility with Aozora Bank, Ltd. <8304> on March 31st.

The agreement relates to a grid-scale battery storage project in Chitose City, Hokkaido. It will leverage Daiwa Energy & Infrastructure's extensive power generation development experience and project investment track record, as well as Aozora Bank's expertise and know-how cultivated through project financing. ITOCHU Corporation <8001> will provide the battery storage system, KYOCERA Communication Systems, a subsidiary of KYOCERA CORPORATION <6971>, will handle the design, procurement, and construction of the storage facility, OSAKA GAS CO.,LTD. <9532> will manage battery operations and power market trading, and Daiwa Real Estate Asset Management, a subsidiary of Daiwa Securities, will oversee facility operations and management.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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