J-Power signs solar VPPA for Tokyo Metro in Japan
Sep 18, 2024 15:26 CESTLondon-based sustainable infrastructure investor Actis today announced the launch of its Japan-focused renewables platform Nozomi Energy which will aim to create 1.1 GW of onshore wind and solar generation by 2027.
The USD-500-million (EUR 454m) platform is an investment of Actis’ latest USD-6-billion energy infrastructure fund.
The buy-and-build strategy for Nozomi will be led by a team headed by Jose Antonio Millan Ruano.
The first investment for the platform will be the acquisition of Hergo Japan Energy Corp from Infrastrutture SpA, which is pending customary closing conditions. Hergo Japan Energy has 230 MW of operating and development-stage solar and wind projects, as well as a pipeline of early-stage projects.
Nozomi will contribute to Japan’s goal of reducing greenhouse gas emissions by 46% by 2030 compared to 2013. “Japan has challenging but critical emission reduction targets and Nozomi will play an important role in enabling the country to achieve them,” says Jun Ohashi, head of Actis Japan.
The launch of Nozomi follows Actis’ opening of an office in Japan in March last year.
(USD 1 = EUR 0.908)
J-Power signs solar VPPA for Tokyo Metro in Japan
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