Japan’s Shizen Energy seeks equity backer for Aussie solar play

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Make room on the renewables circuit for a new Japanese player, Shizen Energy Group, which has put the feelers out for an equity backer for its first Aussie play.

Already a subscriber?Shizen Energy Group, a Japanese renewables player that has developed 1.3gigawatts of assets since its founding in 2011, is seeking backers for its first Australian bet.

Street Talk understands Shizen has acquired exclusivity over a 200-megawatt pipeline of solar assets in NSW and Victoria alongside development partner Bison Energy – another Japanese player that already has 14 projects in Australia. Now, Shizen, wants an equity investor, that could help its turn the early-stage project into saleable electricity.

Under Shizen’s proposed deal structure, it and Bison would tick off the execution, including securing land, approvals for development and connections into grid, debt financing, PPAs and EPC . The would-be equity investor would do the heavy-lifting during development and construction. The company is hoping to have a preferred bidder locked in by end of June, so that it can sign and close the deal by end of July.grow in AustraliaIts three founders, Ken Isono, Masaya Hasegawa and Kenji Kawado, have 1GW in operating assets, 137MWs under construction, 116.6MWs in advanced development and 6GWs in early development.

 

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