Hudson Clean Energy Partners, a New Jersey-based private equity firm specializing in renewable energy, has committed to making a long-term investment in a utility-scale solar photovoltaic pipeline in Japan under development by Dubai-based Adenium Energy Capital.
Adenium and Hudson have formed the partnership to address a growing solar pipeline, currently listed at over 75 MW. The partnership will fund the construction and long-term ownership of those projects. The first 20 MW project was commissioned in May.
‘We are excited about this remarkable investment opportunity and delighted to be executing on our strategy to deliver attractive long-term, risk-adjusted returns for our investors in one of the world's largest solar markets,’ says Daniel von der Schulenburg, Hudson principal and manager of its solar infrastructure program. ‘Adenium's team has an exceptional understanding of the solar development business in Japan and provides us with access to an important utility-scale solar asset pipeline in Japan.’