Sustainable Infrastructure Investor Actis Launches $500 Million Japan Renewables Platform
Sustainable infrastructure investor Actis announced today the launch of a new $500 million Japan-focused renewables platform, Nozomi Energy, with targets to achieve 1.1GW of onshore wind and solar power generation by 2027.
The launch of the platform was announced alongside Nozomi’s first investment, acquiring 100% of Hergo Japan Energy Corporation, including 230 MW of operating and development stage solar and onshore wind projects and a significant early-stage pipeline, from renewable energy developer Infrastruture S.P.A.
The new platform comes as Japan looks to rapidly grow its renewable energy capacity. In July 2021, the government revealed details of its energy strategy, which included plans to roughly double the share of renewable energy to 36%-38% of the energy mix by 2030, compared to less than 20%. Japan has committed to reach net zero emissions by 2050, with an interim 2030 goal to reduce greenhouse gas emissions by 46% by 2030.
Jun Ohashi, Head of Actis Japan, said:
