ROUND-UP: Pacifico Energy raises US$141 million, UN’s PV-powered refugee camp

Facebook
Twitter
LinkedIn
Reddit
Email
Pacifico Energy has successfully completed the launch of its first solar investment fund — which is comprised of five Japanese solar power plants totaling over 100 MW. Image: Pacifico Energy

Pacifico Energy raises US$141 million in first solar fund

Pacifico Energy has successfully completed the launch of its first solar investment fund — which is comprised of five Japanese solar power plants totaling over 100 MW.

Mitsubishi UFJ Morgan Stanley Securities was financial advisor to the Fund, which successfully raised US$141 million from Japanese institutional investors. The Fund has already secured the acquisition of three PV projects in Chiba and Miyagi prefecture and is in process of acquiring two other solar plants in the country.

Pacifico will also offer its asset management services to these solar plants by deploying its knowledge and experience gained from developing solar projects totaling over 640MW.

UN develops PV-powered refugee camp in Jordan

The United Nations High Commissioner for Refugees (UNHCR) and the IKEA Foundation came together last year to launch the first solar-powered refugee camp in Jordan.

The 2MW PV project will produce 3.6 million kWh annually — saving 2,370 tons of CO2 emissions, equivalent to the carbon sequestered by 65,568 tree seedlings grown for 10 years.

Per Heggenes, CEO of the IKEA Foundation, said: “The world’s first solar farm in a refugee camp signals a paradigm shift in how the humanitarian sector supports displaced populations. UNHCR Jordan will save millions of dollars, while reducing carbon emissions and improving living conditions for some of the world’s most vulnerable children and families.”

Sri Lanka signs framework deal on International Solar Alliance

Chitranganee Wagiswara, the High Commissioner for Sri Lanka in India, has signed the framework agreement of the International Solar Alliance (ISA) at the Ministry of External Affairs of India in New Delhi, per The Sunday Leader.

Once the agreement is ratified, Sri Lanka will become a founding member of the International Solar Alliance.

The ISA was conceived following the 2015 Paris Agreement as a coalition of solar-resource-rich countries that can address their special energy needs and provide a platform to partner on issues by achieving a common goal.

Read Next

November 22, 2022
Canadian Solar has commenced operation on its 100MW Azuma Kofuji solar project in Japan, its largest project in the country.
October 24, 2022
Japanese renewable energy company Shizen Energy has received a ¥20 billion (US$133 million) investment from investment group CDPQ.
September 9, 2022
Japan’s 13th solar auctions have been heavily undersubscribed as developers struggle with land availability, support levels and familiarity with power market access, according to Shulman Advisory, a Tokyo-based renewables analyst agency.
September 6, 2022
Five of Asia’s biggest economies will exponentially grow their solar capacity in the coming years, according to new analysis from think tank Ember.
August 8, 2022
Renewables developer and sustainability services provider Enfinity Global has secured ¥29 billion (US$242 million) in long-term financing for three recently completed utility-scale solar plants in Japan totalling 70MW.
August 5, 2022
Spanish developer X-Elio has been awarded 15MW of solar PV capacity in Japan’s first feed-in premium (FiP) auction.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 29, 2022
Malaga, Spain
Solar Media Events
February 22, 2023
Leonardo Royal Hotel London Tower Bridge
Solar Media Events
March 14, 2023
Berlin, Germany
Solar Media Events
March 21, 2023
Lisbon, Portugal
Solar Media Events
June 6, 2023
Napa, USA