Actis introduces Japanese platform targetting 1.1 GW of wind, solar

• London-based sustainable infrastructure investor Actis today announced the launch of its Japan-focused renewables platform Nozomi Energy which will certainly intend to develop 1.1 GW of onshore wind and solar generation by 2027.

The USD-500-million (EUR 454m) platform is an investment of Actis' newest USD-6-billion energy framework fund.

The buy-and-build approach for Nozomi will certainly be led by a team headed by Jose Antonio Millan Ruano.

The very first financial investment for the platform will be the procurement of Hergo Japan Energy Corp from Infrastrutture Day Spa, which is pending popular closing conditions. Hergo Japan Energy has 230 MW of operating and development-stage solar and also wind projects, in addition to a pipe of early-stage projects.

Nozomi will add to Japan's objective of reducing greenhouse gas exhausts by 46% by 2030 compared to 2013. "Japan has difficult but essential discharge reduction targets and Nozomi will certainly play a vital function in enabling the country to accomplish them," claims Jun Ohashi, head of Actis Japan.

The launch of Nozomi complies with Actis' opening of a workplace in Japan in March last year.