Japanese energy investor Daiwa Energy & Infrastructure (DEI) has partnered with Renewables developer Solariant Capital to develop solar and energy storage projects.
DEI is part of Japanese financial service company Daiwa Securities Group.
The duo informed that the latest partnership will first focus on developing California-based Solariant’s existing portfolio. The project consists of more than 1GWac of solar and 2.5GWh of battery energy storage systems.
Gradually, the duo has shared that they will look to acquire other development-stage projects.
Solariant Capital managing director Daniel Kim was quoted in a local report stating that the collaboration with DEI will help the company expand its operations into new markets.
“With the current favourable environment for renewable energy in the U.S. driven by the recent administration’s aggressive climate goals and support from state and local governments, we believe this partnership is a great opportunity for DEI to expand our footprint into the US market,” Morimasa Matsuda, CEO of DEI, remarked.
Earlier in 2018, Daiwa Securities had set up a fund to make investments in large-scale solar projects in Japan.
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