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Actis Introduces Japan-focused Renewables Platform

Global sustainable infrastructure investor Actis has unveiled Nozomi Energy, a new US$500 million Japan-focused renewables platform that will target 1.1 gigawatts (GW) of onshore wind and solar power generation by 2027. The firm has signed its first investment and seed asset for Nozomi, acquiring 100% of Hergo Japan Energy Corporation from renewable energy developer Infrastrutture. Hergo Japan Energy has a portfolio of operating and development stage solar and onshore wind projects totalling roughly 230 megawatts, as well as a “significant pipeline of early-stage projects”. Nozomi will focus on delivering onshore wind and solar energy generation to support Japan’s commitment to reduce greenhouse gas emissions by 46% from 2013 levels, by 2030. The investment is made from Actis’ fifth and latest energy infrastructure fund, which represents a total of US$6 billion of investable capital. The firm has invested in over 70 renewable energy projects to date, with approximately 12GW in global renewable energy capacity. Jun Ohashi, Head of Actis Japan, said: “Through this well-funded new platform, we want to create another industry leader in renewable power. It should have a positive impact both in terms of decarbonisation and by creating local jobs and supporting communities, while still making superior returns for our global investors.” 

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