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 PTE.LTD, is acquiring a 40 MW solar photovoltaic portfolio in Japan.
The portfolio comprised of five solar farms includes 9.45 MW Takahagi Solar Power Station, 20 MW Hokota Solar Power Station, 1.5 MW JEN Hofu Solar project, 1.36 MW Chiyoda Takahara Solar Power Station, and 1 MW JEN Kusu solar project.
Enex Infrastructure Investment Corporation is taking a JPY 11.8 billion (about US$107.2 million) loan from Sumitomo Mitsui Trust Bank to fund the acquisition of the solar assets. Baker McKenzie has advised Sumitomo with the financing arrangement.
Country updates
-
-
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
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 -
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 18, 2019
Construction works begin at 35 MW wind project in Japan
Eurus Group has been progressing in its development of the Eurus Kamikatsu-Kamiyama Wind Farm with a total output of 34.5 MW in Tokushima Prefecture, spanning from Kamikatsu Town in the Katsuura Distr...
Read more
