US-based renewable developer Pattern Energy Group has secured a $515m financing fund to invest in Japanese renewable power projects. ..
The fund will be managed by Pattern Energy’s Japanese affiliate Green Power Investment (GPI) and will be invested in the five renewable energy facilities including Futtsu and Kanagi solar developments, as well as the Ohorayama Wind project, the Otsuki Wind project, and Tsugaru Wind project. GPI developed and constructed the projects, and now owns them. Japanese financial institutions including the Development Bank of Japan has invested in the fund.