Obton A/S is delighted to announce its first joint venture with GSSG Solar, LLC (“GSSG”) and its affiliates to acquire nine Japanese solar projects totaling 117 MW from BCPG Thailand. Eight of the projects are operational (104 MW), while one is under development (13 MW). The operational projects were brought into production between 2017 and 2022.

This portfolio is expected to generate enough electricity to meet the needs of over 30,000 Japanese households. Additionally, these projects are estimated to reduce global carbon emissions by over 58,000 tonnes annually. Part of Japan's Feed-in Tariff program introduced in 2012, these projects will provide electricity across a wide area, with sites located in seven prefectures.

This partnership strengthens the relationship Obton and GSSG have built over the past three years. Prior to this transaction, Obton acquired GSSG’s largest solar asset (82 MW) in Fukushima, Japan.

Mikkel Berthelsen, Chief Acquisition Officer of Obton, says, “We are thrilled to partner with GSSG Solar on this project, marking a significant milestone in our efforts to expand our renewable energy portfolio in Japan. This collaboration underscores our commitment to sustainable energy and highlights the strength of our partnership with GSSG. We are excited about taking our collaboration further in the future.”

Charlie McDaniel, Partner and Head of Origination at GSSG Solar, LLC, states, “GSSG prides itself on deepening existing relationships with respected partners. We have enjoyed the partnership with Obton and look forward to continuing our relationship with them on additional projects in the future.”

Yoshiyasu Sumi, Partner and Country Manager of GSSG Solar Japan Inc, adds, “We look forward to adding these projects to our existing robust Asset Management Platform, where we have a long track record of adding value to operating projects.”

About GSSG Solar

GSSG Solar, LLC is a global solar-focused renewable energy investment manager founded in 2013 with offices in Denver (headquarters), Tokyo, and Taipei. Since its inception, GSSG has invested in over 500 MW of solar projects, primarily located in Japan, with a portion in Taiwan and the US.

About Obton

Obton is a prominent player in the development and acquisition of solar PV and BESS projects, primarily across Europe, as well as in the APAC region and Canada. Obton’s strategic approach encompasses involvement in both develop-to-own and develop-to-sell initiatives, providing opportunities for institutional investors to participate in large-scale solar PV and battery storage projects.