ORIX Corporation has announced that it has established and commenced activities at ORIX Renewable Energy Management Corporation, a company tasked with the operation, management, and maintenance of power plants that use renewable energies such as solar power.
Energy Finance & Investment News in Japan
Electric Power Development Co., Ltd. (J-POWER) and ENGIE have signed a Memorandum of Understanding (MOU) to collaborate on the development of power projects, particularly in large-scale commercial offshore wind projects.
Sonnedix Japan K.K. has reached financial close on a JPY16.5 billion (US$149.36 million) non-recourse financing with Sumitomo Mitsui Banking Corporation (SMBC) for the 41.6 MW Sano solar PV plant, on behalf of the Sonnedix group of companies.
Atlantis Resources has signed a Memorandum of Understanding (MoU) with Xodus Group to develop a tidal energy project in Japan.
Ideol, a floating offshore wind developer based in France, and Acacia Renewables, a Japanese renewable energy development platform wholly owned by Macquarie Capital, have announced the signing a Memorandum of Understanding (MoU) in March aiming at developing Japan’s first utility-scale commercial floating offshore wind farm.
NEC Capital Solutions Ltd is providing a syndicated loan of JPY2.8 billion (US$26.4 million) to Japan Asia Group Ltd (JAG) for the construction of a 16.6 MW solar power plant in Sano city, Tochigi prefecture.
Canadian Solar Inc. has announced that it has secured a non-recourse project finance facility of up to JPY16 billion (US$149 million) from Shinsei Bank, Limited for its 53.4 MW Oita Hijimachi solar power project in Japan.
Pacifico Energy K.K. has successfully completed the launch of its first solar investment fund. The fund will be comprised of 5 Japanese solar power plants totaling over 100 MWdc.
Partners Group has sold its stake in Japan Solar, a 610 MW platform of Japanese solar power assets. The stake was sold to a consortium led by Global Infrastructure Partners (GIP), generating a blended gross return of 3.2x on the original investment for Partners Group's programs.
IPPToday #140: Five companies join consortium developing US$1.8 billion 480 MW solar project in Japan
SPCG Public Company Limited, Tokyo Century Corporation, Furukawa Electric Company Limited, Tsuboi Corporation and The Eighteenth Bank Limited have joined the Photovolt Development Partners (PVDP) consortium in its initiative to develop a 480 MW solar power project on the island of Ukujima (Sasebo City, Nagasaki Prefecture, Japan).
Canadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd. the JPY 7.4 billion ( US$66.0 million) dual-tenor green project bond was issued to finance Canadian Solar's 27.3 MWp Tottori Solar Power Plant in Tottori Prefecture, Japan.
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Canadian Solar Inc. has announced that Canadian Solar Infrastructure Fund, Inc. has obtained approval from the Tokyo Stock Exchange, Inc. to list its investment units on the TSE's infrastructure investment fund securities market. Similar to the J-REIT market, the TSE established the infrastructure fund market in 2015 for the listing of funds that invest in infrastructure assets including renewable energy facilities.
Japan Renewable Energy Corporation (JREC) has signed ¥11.7 billion (US$104 million) project financing with a group of Japanese banks for a 24 MW wood biomass power plant in Kamisu, Ibaraki Prefecture (Japan).
AMP Capital has reached final close on the AMP Capital Infrastructure Debt Fund III (IDF III), raising US$2.5 billion for the mezzanine debt strategy, an additional US$800 million in co-investment rights and securing a further US$800 million from investors who want access to its deal capabilities.
Sojitz Corporation has announced it has concluded a stock purchase agreement through subsidiary ShaMrocK Wind Limited —a joint venture established in UK with Mitsubishi UFJ Lease & Finance Limited and several Kansai Electric Power subsidiaries—to acquire a 60% stake in Evalair Limited, through which Sojitz will take on operation of a wind power plant in Ireland.
Hindustan Power, India-based Multinational Company in Renewable Energy, operating in the international markets is set to increase its footprint in international markets to 2GW by 2022.
GE Energy Financial Services, the energy investing unit of General Electric, has raised the largest solar energy fund in Japan to invest in Japanese solar power projects.
First Solar, Inc. has announced today that has signed a syndicated development loan facility agreement of approximately JPY7 billion (US$64 million) with Mizuho Bank Ltd.