The Development Bank of Japan (DBJ) and Japan Wind Development Co have plans to co-develop a JPY50 billion (US$444 million) wind investment fund.
The new fund, which will finance large-scale wind power generation projects, will be 50/50 owned by both partners. It is expected to be launched by April this year.
The fund has been provisionally named Japan Wind Development. It is expected to finance up to 200 MW of new wind capacity in Japan.
More details about the fund has not been disclosed.
According to Japanese government report released in 2015, wind energy is expected to make up almost 2 percent of Japan’s energy mix by 2030.