Partners Group, Equis Funds team up for $250m Japan Solar deal


Private equity firms Partners Group and Equis Funds Group have invested $250m investment to establish Japan Solar, a new platform focused on developing utility-scale solar power projects in the region.

The consortium, which is co-led by Partners and Equis, also includes infrastructure investment firm Babson Capital and Australian institutional investors LGsuper and Qantas Superannuation. It will fund the construction of utility-scale solar power plants throughout the country, with first generation expected in the second half of 2014.

Japan Solar will partner up with Nippon Renewable Energy (NRE), which already has a development pipeline of 300MW in the coming two years and has contracted four projects, totalling 47.5MW, which will begin construction once financing has been completed.

A further 110MW of projects are expected to follow throughout 2014.

Managing director and head of private infrastructure Asia-Pacific at Partners Group Benjamin Haan said, “We are excited to invest in the rapidly developing Japanese renewable energy market and to support the NRE management in filling the large power generation gap in Japan. We are confident of additional investment opportunities in the near term that will offer our clients the opportunity to further contribute to sustainable energy development in Japan, as well as benefit from attractive tariffs currently offered to renewable energy providers in the country.”

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