“The combined amount invested by Japan Post Insurance and Dai-ichi Life accounted for over half of the overall funds procured for each project, making them principal investors in those projects,” Dai-Ichi Life said in an online statement.
It said it expects “steady cash flow” from the projects over the next 20 years.
The Tokyo-based insurer has invested in several Japanese solar projects over the years. In August 2014, it lent ¥1 billion to back the completion of a 10 MW array north of Tokyo in Izumizaki, Fukushima prefecture.
Popular content
In 2015, Dai-Ichi Life and its partners also jointly invested an undisclosed sum in an 8.6 MW solar project in the abandoned town of Odaka, just inside Japan’s nuclear exclusion zone in Fukushima prefecture.
And in early January of this year, the Dai-ichi Life Holdings group jumped into offshore wind finance by backing a $31 million investment in an undisclosed wind farm in Germany.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.