“Adenium and Hudson have formed the partnership to jointly capture the compelling investment opportunity present by utility-scale photovoltaic projects in Japan,” the private equity firms say in a statement.
Adenium claims to have more than 75MW of PV projects in its “growing” pipeline there. It had earlier secured local financing for a 20MW facility that was commissioned in May.
“We look forward to working closely with Hudson and aggregating both of our firms’ experience and leadership in the sector,” says Wassef Sawaf, chief executive of Adenium.
