Vector Cuatro, Technical Advisor of Noboribetsu PV project

The spanish multinational, Vector Cuatro, has acted as Technical Advisor in the 30 MW solar PV project Noboribetsu, developed by Renewable Japan. It is the first time that a green rating is given to a project bond. 

Vector Cuatro has acted as Technical Advisor for the Noboribetsu project, a 30 MW project developed by Renewable Japan. Renewable Japan holds one of the 3 publicly listed solar funds in Japan. The project has received a preliminary rating by the Japanese rating agency Rating and Investment Information (R&I), in order to be incorporated into the fund. R&I evaluated the project and confirmed the bond issuance with GA1 level (preliminary).

In addition, this is the first project with unlimited curtailment to be successfully rated in Japan. As technical advisor Vector Cuatro performed the feasibility study and the technical due diligence, including the curtailment analysis of the project.

Vector Cuatro entered the renewable energy markets in Asia first in 2012 and has positioned itself as a key reference in the local renewable industry with an international client portfolio to which belong the most active banks and companies in Japan. Currently the company provides support in transactions and rends feasibility studies, technical due diligences and consulting services total more than 4 GW. Vector Cuatro also provides Asset management services and has topped the 400 MW mark, taking already care of the asset management of 28 projects in Japan.