Q.ENEST Holdings secured a bridge loan from JA Mitsui Lease to finance the development of low-voltage solar power plants, the companies announced on June 8, 2026.
According to the statement, the funds will be used to acquire and construct projects intended for transfer to Q.ENEST-affiliated special purpose companies (SPCs) at a later stage. The company said the new loan facility will provide interim funding during the development phase, complementing the investment vehicles’ long-term financing arrangements.
JA Mitsui Lease’s bridge facility follows Q.ENEST’s establishment of SPCs targeting investments in 16MWDC and 80MWDC of distributed solar assets, respectively. The former secured 2 billion yen in limited recourse financing from Ricoh Leasing and the latter obtained an approximately 9 billion yen syndicated loan arranged by Sumitomo Mitsui Banking Corporation.
Q.ENEST Holdings’ power retailer Q.ENEST Denki is expected to purchase the portfolios’ output and sell it to customers under short-term PPAs and other schemes.
The Hanwha-affiliated group is among a growing list of companies, including Sojitz and Renova, increasingly focusing their solar activities on portfolios of distributed assets as land constraints limit large-scale solar development.
