Goldman grabs 16MW Japan wind

Goldman Sachs has purchased a 16MW wind farm in northern Japan’s Tohoku region through its clean-energy development unit, Japan Renewable Energy (JRE).

JRE, which is backed by Goldman’s $3.1bn GS Infrastructure Partners II fund (GSIP), did not disclose the terms of the deal in its online statement on the matter.

It may have paid Summit Wind Power, a unit of conglomerate Sumitomo, as much as ¥3bn ($29.4m), said the Nikkei newspaper, without citing sources.

The project — featuring eight 2MW Vestas turbines — is situated along the Sea of Japan coast in Sakata, Yamagata prefecture.

Goldman established JRE in 2012 to invest up to ¥300bn ($2.9bn) in Japanese solar, wind and other renewables projects over the next five years, but has been relatively tight-lipped about its plans.

It has already invested in the development of a 250MW solar project in Setouchi, Okayama prefecture, and a 40MW PV plant in Ibaraki prefecture, near Tokyo.