Adenium Energy Capital teams with Hudson Clean Energy Partners to exploit solar opportunities in Japan
Written By: Tracy Dawson Roses
August 4, 2015
August 04, Adenium Energy Capital, a private equity firm and development company managing solar photovoltaic (PV) investments, and Hudson Clean Energy Partners, a private equity firm specializing in renewable energy, entered into a joint partnership to be led by Adenium.
The goal of the partnership is to jointly capture the compelling investment opportunity presented by utility-scale solar photovoltaic projects in Japan. Adenium will continue to develop its growing solar pipeline of over 75 MW, and the partnership will be used to fund the construction and long-term ownership of those projects.
As part of the transaction, Hudson has committed to invest long-term equity in Adenium’s utility-scale solar PV pipeline in Japan to fund the construction of approximately US$300 million in assets. The first 20 megawatt (MW) project has secured local project financing and was commissioned in May 2015.
Daniel von der Schulenburg, Hudson Principal and Program Manager of the Hudson Solar Infrastructure Program, commented: “We are excited about this remarkable investment opportunity and delighted to be executing on our strategy to deliver attractive long-term risk-adjusted returns for our investors in one of the world’s largest solar markets. Adenium’s team has an exceptional understanding of the solar development business in Japan and provides us with access to an important utility-scale solar asset pipeline in Japan.”