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Pattern Energy Closes Financing of Largest Wind & Solar Energy Fund in Japan

Jan 19, 2021•over 4 years ago
San Francisco

Description

 Pattern Energy Group LP (Pattern Energy) today announced that it has closed financing of a $515 million fund, Green Power Renewable No. 1 Investment LP (the fund), the largest fund in Japan focused on wind and solar energy investments. Pattern Energy's affiliate in Japan, Green Power Investment Corporation (GPI), will manage the fund and is also one of its largest investors.  Investors in the fund comprise some of the largest and most respected financial institutions in Japan, including the Development Bank of Japan Inc., which will serve as the anchor investor.

Company Information

Company

Gpi

Location

San Francisco, California, United States

About

Green Power Investment Corporation (GPI) is a Japanese developer, owner and operator of renewable energy assets. The founder of GPI, Toshio Hori, was one of the earliest pioneers in renewable energy, having built some of the first large scale wind power projects in Japan, the United States and Europe. GPI is headquartered in Tokyo and has a team of more than 100 professionals covering all areas of expertise necessary to operate and manage a full-scale renewable energy business. GPI's development portfolio totals more than 2.4 gigawatts of wind capacity, including approximately 1 GW MW of wind projects that have FiT certifications. Pattern Energy holds a majority interest in GPI.

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