Black & Veatch firm to back 50-MW Japanese solar project under new partnership

Solar modules in Japan. Featured Image: Norikazu/Shutterstock.com

September 25 (Renewables Now) - Diode Ventures, part of Black & Veatch, has created an energy and infrastructure investment partnership with Alma Global Infrastructure that will initially support a USD-200-million (EUR 182m) pipeline of renewable and clean energy projects.

The partnership has already identified a seed project -- a shovel-ready, utility-scale solar power development in Japan with a capacity of close to 50 MW. This project will feed electricity into the grid in southern Japan under a 20-year feed-in-tariff (FiT) framework, the announcement says.

Overall, the two partners will seek to invest in assets located across Organisation for Economic Co-Operation and Development (OECD) countries. The targeted projects should have attractive risk-adjusted returns.

“Sustainable energy and infrastructure remain some of the most sought-after investment classes for institutional investors offering strong returns and exceptional risk management opportunities,” commented Brad Hardin, president of Diode Ventures.

(USD 1.0 = EUR 0.909)

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