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Japan: Obton and GSSG Solar join forces to acquire 117 MW of solar projects

Posted on by darion

Obton A/S and GSSG Solar, LLC announced their first joint venture to acquire a portfolio of nine solar projects in Japan, representing a combined capacity of 117 MW. Eight of these projects are already operational, generating 104 MW of electricity, and a 13 MW project is under development. The operational projects were launched between 2017 and 2022.
The facilities are part of Japan’s feed-in tariff program, introduced in 2012, and are located in seven prefectures. The acquisition marks a major step in Obton’s strategy to strengthen its presence in Japan’s renewable energy market. Despite Tokyo’s preference for nuclear power, renewable energy projects are proliferating in Japan.

Strengthening the relationship between Obton and GSSG Solar

This partnership strengthens the relationship that Obton and GSSG have developed over the past three years. Before this transaction, Obton had already acquired GSSG’s largest solar asset, an 82 MW plant in Fukushima. Mikkel Berthelsen, Chief Acquisition Officer at Obton, emphasized the strategic importance of this cooperation for the expansion of Obton’s portfolio in Japan.
Charlie McDaniel, Partner and Chief Fundraising Officer at GSSG Solar, LLC, expressed his pleasure with the continued partnership, pointing out that GSSG values ​​long-standing relationships with partners such as Obton.

Future perspectives

Yoshiyasu Sumi, Partner and Country Manager of GSSG Solar Japan Inc, mentioned that these projects will be integrated with their asset management platform, known for its ability to optimize operational projects. This acquisition reflects the continued commitment of both companies to develop efficient, cost-effective energy projects.
The acquisition of this portfolio of solar projects by Obton and GSSG Solar underscores the importance of international cooperation in the renewable energy sector. These companies are well positioned to continue investing and developing large-scale projects in Japan and beyond.