German headquartered investment firm Aquila Capitalà‚ has opened an office in Tokyo to tap into Japan’s solar power market.
Aquila has been active in the country for several years and started investing in Japanese photovoltaic projects in 2014.
Yasuhiro Odajima has been appointed as Investment Manager of Energy & Infrastructure and is based at the Tokyo office. He joins Aquila Capital from Pictet Asset Management.
Boris Beltermann, Head Energy & Infrastructure APAC of Aquila Capital, said:à‚ “Japan has been transforming its energy system substantially for several years now and it has put in place a stable legal framework that provides attractive incentives for renewable energy projects. Japan’s strong demand for electricity and relatively high sunshine hours makes it one of the most attractive solar markets in the world.”
Roman Rosslenbroich, chief executive and co-founder of Aquila Capital, added: “Our strategy is to combine our deep industry expertise with a network of local contacts to source and manage attractive opportunities for our investors. Yasuhiro has a considerable market knowledge and an extensive network of contacts. We are delighted that he will monitor our investments in Japan on-site out of the new office in Tokyo.”
Aquila, which last yearà‚ bought a largeà‚ windpowerà‚ project in Sweden, à‚ appointed Joakim Johnsen to run the office.
Johnsen will act as an investment manager within the hydropower team and will coordinate transactions in the renewable energy sector.