A new partnership has been established between Obton A/S and ICG Asia-Pacific Infrastructure in Japan. The companies aim to double the installed solar capacity in the market.
It is with great pleasure that Obton A/S announces a partnership agreement with the global alternative asset manager ICG Asia-Pacific Infrastructure to support the development of our growing portfolio of solar parks in Japan.
Together, we aim to accelerate the significant opportunities available in the Japanese market.
“The partnership with ICG presents an exciting opportunity for Obton to expand its market presence in Japan’s rapidly growing solar industry. With Japan's significant demand for renewable electricity, there's substantial potential for our investments in solar projects. Together, we have set ambitious targets and look forward to achieving them in collaboration with ICG. With shared values and a common vision for the Japanese market, we believe ICG is the ideal partner for this next phase of growth,” says CEO in Obton A/S Sandra Grauers Nilsson.
Target 1 GW
Obton Japan seeks to acquire brownfield and greenfield solar assets with strong potential for asset optimization, leveraging the management team’s track record established since its market entry into Japan in 2021.
Obton Japan is an active player in the Japanese market and currently owns and operates a portfolio of more than 500MW. Obton Japan is targeting over 1,000MW of installed solar capacity within the next five years.
The energy transition in Japan is bolstered by strong private sector demand for clean energy, clear policy frameworks, and increasing decarbonisation commitments. Renewables are projected to represent 50% of Japan’s electricity mix by fiscal year 2040, more than double the 2023 renewables of 22.9%.
“We are thrilled to be partnering with Obton to support Obton Japan in its efforts to become a leader in the Japanese solar market. With a highly experienced management team and strong tailwinds thanks to private sector demand for clean energy, Obton Japan is well positioned to secure attractive growth opportunities. The Company has witnessed impressive growth to date, and we look forward to working collaboratively to execute on plans for further growth,” says Devarshi Das, Head of ICG Asia-Pacific Infrastructure.
About ICG
ICG provides flexible capital solutions to help companies develop and grow. We are a leading global alternative asset manager with over 35 years’ history, managing $107bn of assets* and investing across the capital structure.
We develop long-term relationships with our business partners to deliver value for shareholders, clients and employees, and use our position of influence to benefit the environment and society.
ICG is a member of the FTSE 100 and listed on the London Stock Exchange (ticker symbol: ICG). Further details are available at www.icgam.com. You can follow ICG on LinkedIn and Instagram.
*Past performance is not a reliable indicator of future results; as at 31 December 2024.
About Obton
Obton – founded in 2008 - 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. Obton’s strategic approach encompasses involvement in both develop-to-own and develop-to-sell initiatives.
Obton has - on behalf of its investors - around 2,1 GW under management, representing an asset value of around EUR 4 billion and employing 260 people in 8 offices located in Europe and Japan.
