PV project developer Sky Solar Holdings has secured funds totalling US$100 million from Hudson Clean Energy Partners for projects in Latin America and Japan.
The deal also includes Hudson directly investing US$50 million in 128MW of PV projects planned by Sky Solar in Chile and Uruguay for a 49% stake in the projects.
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A further US$50 million from Hudson is to be allocated for secondary market opportunities in Japan, according to Sky Solar, as well as both companies working together on acquiring projects in the US.
Sanjay Shrestha, chief investment officer of Sky Solar and president of Sky Capital Americas, said: “In addition to the near-term capital investment, we believe Sky Solar will benefit from Hudson’s long tenure as an investor in the renewable energy sector and unmatched industry experience in this strategic partnership.”