Obton partners with GSSG Solar to acquire 117 MW of Japanese solar projects

This portfolio is expected to generate enough electricity to meet the needs of more than 30,000 Japanese households. In addition, these projects are estimated to reduce global carbon dioxide emissions by more than 58,000 tons per year. As part of Japan’s feed-in tariff program introduced in 2012, these projects will provide electricity over a wide area, with sites spread across seven prefectures.

This partnership strengthens the relationship that Obton and GSSG have built over the past three years. Prior to this transaction, Obton acquired GSSG’s largest solar asset (82 MW) in Fukushima, Japan.

Mikkel Berthelsen, Chief Acquisition Officer at Obton, says: “We are excited to partner with GSSG Solar on this project, which marks an important milestone in our efforts to expand our renewable energy portfolio in Japan. This collaboration underscores our commitment to sustainable energy and underlines the strength of our partnership with GSSG. We look forward to continuing to work together in the future.”

Charlie McDaniel, Partner and Head of Origination at GSSG Solar, LLC, states, “GSSG prides itself on deepening existing relationships with respected partners. We enjoyed working with Obton and look forward to continuing to work with them on additional projects in the future.”

Yoshiyasu Sumi, Partner and Country Manager of GSSG Solar Japan Inc, added: “We look forward to adding these projects to our existing, solid asset management platform, where we have a long history of adding value to operational projects.”