Solariant Capital, Daiwa device partner to establish US solar as well as storage space pipe

• Renewables designer Solariant Capital and energy financier Daiwa Energy & Infrastructure (DEI) are collaborating to create a portfolio of US solar and also energy storage projects.

The partnership will certainly first focus on establishing California-based Solariant's existing portfolio, which consists of more than 1GWac of solar and also 2.5 GWh of battery energy storage systems throughout the US Southeast as well as Southwest. The companies will additionally aim to obtain various other development-stage projects.

DEI, which becomes part of Japanese financial service company Daiwa Securities Group, claimed it is devoted to supporting Solariant's development efforts with its funds.

"With the present good atmosphere for renewable resource in the united state driven by the recent management's aggressive climate objectives and also assistance from state and also local governments, our team believe this collaboration is a terrific chance for DEI to broaden our footprint into the US market," said Morimasa Matsuda, CEO of DEI.

Daiwa Securities formerly set up a fund in 2018 to make financial investments in large-scale solar projects in Japan.

Solariant Capital taking care of director Daniel Kim said the collaboration with DEI will assist his firm increase its operations right into new markets.