Japan Green Infrastructure Fund’s EUR15,34 Million Acquisition Of A Solar Infrastructure Seed Asset

Harry Elias Partnership jointly advised Canadian Solar and Macquarie on the matter.

The Fund aims to develop, build and accumulate new solar projects in Japan and will further consider green bond placements and project finance loans as it expands its asset portfolio. This is believed to the first solar photo voltaic infrastructure fund in Singapore and this represents their second acquisition exercise. The Harry Elias Partnership team led the Acquisition by the Fund and the financing of the Acquisition via drawdown of capital contributions from the limited partners of the Fund and a loan facility.

Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. Macquarie Group Limited (Macquarie) is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.

The Harry Elias Partnership team advisining on the deal included Senior Associate Valerie Boh (Picture) and Associate Gabriel Lim.

Involved fees earner: Valerie Boh – Harry Elias Partnership LLP; Gabriel Lim – Harry Elias Partnership LLP;

Law Firms: Harry Elias Partnership LLP;

Clients: Canadian Solar Inc.; Macquarie Group;

Sonia Carcano

Author: Sonia Carcano