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GSSG Solar achieves first close of third fund

Author: 401(K) 2012 on Flickr, CC BY-SA 2.0

February 14 (Renewables Now) - US solar investment manager GSSG Solar LLC on Wednesday said it has achieved first close of its third global fund called GSSG Solar Partners III LP.

Since the first close in December, the investors in the fund have committed over 75% of the targeted USD 200 million (EUR 184m). Backers include the fund's first pension investor as well as repeat investors.

The third fund will provide investors with access to solar projects in Japan and other developed markets in Asia.

GSSG Solar has acquired more than 500 MW of solar projects since 2013, developing its asset management and project management teams in Tokyo.

(USD 1.0 = EUR 0.921)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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