Pattern Energy Group (Pattern Energy) has announced that it has closed financing of a US$ 515 million fund focused on wind and solar energy investments in Japan. The Green Power Renewable No. 1 Investment LP (the fund) will be managed by Pattern Energy’s affiliate in Japan, Green Power Investment Corporation (GPI).
GPI is also one of its largest investors. The fund will invest in five renewable energy facilities that were developed, constructed and are now owned and operated by GPI, including Futtsu Solar, Kanagi Solar, Ohorayama Wind, Otsuki Wind, and 122MW Tsugaru Wind. Pattern Energy has seven renewable energy facilities in Japan, including five in operations and two in construction, totalling 432MW of capacity.