The
investment
firm
will
begin
operating
in
February
and
will
initially
target
investments
of
100MW
per
year,
says
Solar
Frontier
in
a
statement.
The
companies
would
offer
funding
of
30-40bn
yen
($341-$454m)
a
year,
according
to
a
report
in
the
Nikkei
newspaper.
A
1MW
solar
plant
typically
requires
investment
of
300m
yen,
says
Yugo
Nakamura,
analyst
at
Bloomberg
New
Energy
Finance
in
Tokyo.
Solar
Frontier,
owned
by
Showa
Shell
Sekiyu,
a
Japanese
subsidiary
of
oil
group
Royal
Dutch
Shell,
will
contribute
60%
of
the
capital
while
state-owned
DBJ
will
put
up
the
remainder.
The
joint
investment…
