Aquila Capital sells Japanese solar farm

Solar_farmHamburg-based alternative asset manager Aquila Capital says it has sold a solar farm in Japan to a local institutional investor. The German firm will manage the solar farm, which uses photovoltaic technology, for the duration of the deal term. It is the company's second deal in Japan since it set up an operation in the country in 2012. “This investment reflects the current outlook in the Japanese photovoltaic market,” said Boris Beltermann, who is responsible for Aquila Capital’s solar business in Japan. “Market-ready projects are particularly interesting for local institutional investors, so developing projects that already have secured feed-in tariffs is an attractive strategy for our investors.” After the Fukushima nuclear catastrophe, Japan added incentives for solar producers financed by levies on electricity customers. The German government offers a similar scheme, which has helped to make Germany among the world leaders in installed solar capacity. “These conditions have led to Japan being among the largest and most lucrative solar markets in the world next to the US, China and Germany,” said Beltermann. ©2017 funds global asia

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