NRE secures US$250 million for Japan PV projects

January 27, 2014
Facebook
Twitter
LinkedIn
Reddit
Email

Investment groups Equis Funds and Partners Group have raised ¥26.1 billion (US$250 million) of equity to fund utility-scale solar power stations for developer Nippon Renewable Energy through a joint investment platform, Japan Solar.

Tokyo-based Nippon Renewable Energy (NRE), which announced the news, currently has a pipeline of 300MW of PV plants in Japan under development, which will be financed with Japan Solar. Each project has qualified for 20-year power purchase agreements (PPAs) under the Japanese Ministry of Economy, Trade and Industry’s (METI) feed-in tariff programme.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The pipeline includes four projects totalling 47.5MW ready for construction, along with a further 110MW of projects expected to commence this year.

Shoichi Kaneda, director of Nippon Renewable Energy, said: “Each NRE solar project involves the support of local construction contractors and Japanese utilities, creating sustainable employment in Japanese rural areas and important local community development. We are proud to be supporting the future development of Japan in an environmentally responsible manner.”

Equis Funds and Partners Group led the raising of capital investment. Equis co-investors Babson Capital, LGsuper and Qantas Superannuation also participated.

Asia-Pacific regional managing director and head of private infrastructure 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.”

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK