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.
Energy Finance & Investment News in Japan
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.
Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that Fukushima Gas Power Co., Ltd. (FGP) has signed a contract for a US$1.27-billion syndicated loan with Development Bank of Japan Inc. as the lead arranger on the 1,180 MW Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture.
X-Elio, a spanish solar developer and operator owned by KKR & Co LP, has achieved financial close for two projects with a combined capacity of 66 MW in Miyagi, Japan.
Canadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd.
Canadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$36 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a member of Sumitomo Mitsui Financial Group.
Renova, a Japanese renewable energy developer, to carry out a feasibility study on a 560 MW nearshore wind farm off the city of Yurihonjo in Akita Prefecture in the northern Tohoku region of Japan.
First Solar, Inc. has announced that it has obtained non-recourse project debt financing of approximately JPY27 billion (US$240 million) in a syndicated loan arranged by Mizuho Bank Ltd. for a utility-scale solar project in Ishikawa prefecture, Japan.
The consortium led by the Japan-based utility Kyuden Mirai, has been selected to undertake the development of Japan's largest offshore wind project to date. The project, which holds a total budget of JPY175 billion (US$1.54 billion) is expected to add 229 MW of wind generation to the current wind power portfolio.
Sonnedix, through its Japanese operator Nippon Solar Services (NSS), has partnered with GSSG Solar to deploy a 170MW portfolio of Solar PV plants, with 47MW under construction, and the rest currently under development.
Pattern Energy Group LP and Green Power Investment Corporation have announced the completion of financing of the 33 MW Green Power Otsuki GK power project. Pattern Development and GPI are joint venture partners on the project, which is located in Kochi Prefecture, Japan.
Aquila Capital has made an investment in the three-digit million euro range in a photovoltaic park in Tomakomai, Hokkaido in the north of Japan on behalf of institutional investors.
Canadian Solar Inc. has announced the closing of JPY14.9 billion (US$131 million) senior and subordinate non-recourse term loan facilities to finance the construction and operation of a 55 MW solar power plant in the Yamaguchi prefecture, Japan.
Thailand-based GUNKUL has announced that it will invest in its fourth solar farm in Japan, in Iwakuni, in Yamaguchi Prefecture.
Etrion and Hitachi High-Technologies will build, own and operate the 13.2 MW Komatsu solar project in Japan with financing from Sumitomo Mitsui Trust Bank.
Eurus Energy Holdings Corporation, a Japanese renewable energy company, has announced the successful completion of the acquisition of two wind farms in Finland from a joint venture of Maas Capital Renewables, a dedicated investor in renewable energy, 100% owned by ABN AMRO Bank N.V., and YARD ENERGY, a Dutch based developer of wind energy projects.
At the shareholders meeting of Fukushima Gas Power Co., Ltd. FGP) that was founded by Japan Petroleum Exploration Co., Ltd. (JAPEX) and Mitsui & Co., Ltd (Mitsui) held on October 11, 2016, two important resolutions concerning the Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture were passed.
Tokyo Electric Power Company Holdings, (TEPCO Holdings) has made an investment in United Wind, Inc., a venture company developing solutions business in the U.S. that reduces customers’ electricity expenses by utilizing small wind power generation facilities.