Pacifico Energy takes in ¥29 billion for second solar investment fund

By Devika Patel

Knoxville, Tenn., Dec. 2 – Pacifico Energy KK raised ¥29 billion for its second solar investment fund, which was originated on Oct. 3, according to a press release.

The fund, named Pacifico Energy Solar Fund 2 Investment Business LP, will be comprised of five Japanese solar power plants, totaling over 216 MWdc.

The fund acquired its first solar plant concurrent with the initial closing and will acquire the remaining four solar plants next year.

The investment period is 21 years.

Nomura Securities Co., Ltd. and Goldman Sachs Japan Co., Ltd. were the co-placement agents.

Tokyo-based Pacifico Energy was founded in 2012 when the new Japanese Renewable Energy Act was introduced. It has developed eight mega solar power projects totaling over 640 MWdc.

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