Itochu Enex-led consortium lists new infrastructure fund on Tokyo Stock Exchange
A consortium of ITOCHU ENEX Co., Ltd., Sumitomo Mitsui Trust Bank, Mercuria Investment Co. and Maiora Asset Management has listed a new infrastructure fund on the Tokyo Stock Exchange. Enex Infrastructure Investment Corporation invests primarily in renewable energy projects, being mainly sponsored and operated by ITOCHU ENEX Group, which develops and operates renewable energy projects in Japan.
It is the sixth infrastructure fund listed on the Infrastructure Fund Market of the Tokyo Stock Exchange. The fund's share price dropped below its offering price on its first day of trading.
Enex Infrastructure Investment Corporation has used the proceeds of the offering, coupled with a JPY11.8 billion (US$106.5 million) loan from Sumitomo Mitsui Trust Bank, to acquire a portfolio of five large-scale solar power plants operating in Japan with a total generating capacity of 37.6 MW which were owned and developed by its owners.
Country updates
-
-
March 06, 2019
New renewable fund acquires 40 MW solar portfolio in Japan
Enex Infrastructure Investment Corporation, a listed infrastructure fund sponsored by ITOCHU ENEX Co., Ltd., Sumitomo Mitsui Trust Bank, Mercuria Investment Co.,Ltd. and Maiora Asset Management P...
Read more -
March 01, 2019
Renova acquires 21.6 MW PV plant in Mie
RENOVA, Inc. decided and implemented the acquisition of an additional equity interest held by Fuyo General Lease Co. Ltd. (FGL) under Yokkaichi Solar silent partnership contract, an equity-method affi...
Read more -
February 27, 2019
ORIX to commence feasibility study for an offshore wind project in Chiba Prefecture
ORIX Corporation has begun a seabed geological survey off the coast of Choshi, Chiba Prefecture, with the aim of the feasibility study of an offshore wind power generation business. ORIX has obtained...
Read more -
February 27, 2019
Renova reaches financial close for 75 MW biomass project in Tokushima
Renova has reached financial close for its 74.8 MW Tokushima Tsuda Biomass Power Plant GK that will be built in Tokushima, Tokushima Prefecture, Japan. The project is a joint venture...
Read more -
February 27, 2019
Japanese consortium launches overseas offshore wind fund
Sumitomo Corporation, Sumitomo Mitsui Banking Corporation (SMBC) and Development Bank of Japan Inc., (DBJ) have announced the establishment of a fund that will invest in offshore w...
Read more
