ENECHANGE collaborates with Daiwa Energy & Infrastructure on signing of construction contract for its first solar PV project in Australia

ENECHANGE Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi) is pleased to announce its collaboration with Daiwa Energy & Infrastructure Co. Ltd. (Head office: Chiyoda-ku, Tokyo; President: Morimasa Matsuda) in Australia. ENECHANGE is providing support to Daiwa Energy & Infrastructure Co. Ltd. in the development, construction and operation of their first 5MW solar PV project (the “Project”) in Victoria, Australia.

Daiwa Energy & Infrastructure Co. Ltd. has recently signed a construction contract for their inaugural renewable energy investment in Australia, acquiring 100% interest in the Project being developed by Green Gold Energy Pty .Ltd,(“GGE”), through their wholly-owned subsidiary VIC DEI INVESTMENT MANAGEMENT PTY LTD. (“VDIM”), an intermediary holding company established in Australia. As a pioneer in the renewable energy industry, GGE has engaged in project development and construction work, primarily in South Australia, Victoria, and New South Wales. They have developed a pipeline of over 1.1 GW of solar PV and 1.2 GWh Battery Energy Storage Systems in Australia.

As part of ENECHANGE’s renewable energy investment advisory arm ( “Advisory Business”), our team has provided support to Daiwa Energy & Infrastructure Co. Ltd. in various aspects including research on energy markets and systems, development and negotiation of investment projects, and investment execution. This Project represents the first initiative supported by ENECHANGE as part of its Advisory Business. We will continue to promote our Advisory Business for renewable energy development investment in Australia, with the objective of contributing to decarbonization through increased investment in solar PV projects.

GGE’s pipeline projects in Australia (Image: Green Gold Energy Pty. Ltd.)

Background

ENECHANGE Ltd. is dedicated to realizing a sustainable society by encouraging “Japanese companies to invest in decarbonized energy overseas”. Australia, with its accelerated decarbonization efforts and ambitious targets for renewable energy adoption, is leading the way in initiatives such as the development of large-scale storage batteries and the promotion of hydrogen export projects. Additionally, Australia benefits from a stable legal system and favorable investment environment. We firmly believe that our activities in Australia will offer valuable insights and feedback to Japan, while actively contributing to our mission of promoting a decarbonized society.

Relationship with Daiwa Energy & Infrastructure Co. Ltd.

Daiwa Energy & Infrastructure Co. Ltd., a subsidiary of Daiwa Securities Group, is responsible for investments in the renewable energy and infrastructure sectors both in Japan and overseas. The company has previously invested as a Limited Partner in an overseas-focused decarbonized energy fund (the “Fund”) established by ENECHANGE’s group company. With an intention to expand its investment to countries not initially covered by the Fund, Daiwa Energy & Infrastructure Co. Ltd. has chosen Australia as the target country for investment and construction due to its potential for further expansion of renewable energy investment. ENECHANGE will continue to provide support to the company’s renewable energy investments, including this Project and other upcoming investment initiatives, primarily through coordinating administrative assistance.

Project overview

Our overseas renewable energy investment support business (Advisory Business)

Our Advisory Business is derived from the ENECHANGE INSIGHT RENEWABLES service (“EIR”), which offers comprehensive information on renewable energy investment projects worldwide. Through this business, we leverage the expertise and networks developed through the operation of EIR and our experience in Fund investment through group companies. We provide a wide range of services, including research on operational market and institutional research, project sourcing through our network, and transaction support such as contract negotiations for investment in target projects.

*URL: https://insight.enechange.com/renewables/

Daiwa Energy & Infrastructure Co. Ltd.

Name: Daiwa Energy & Infrastructure Co. Ltd.
Location: GranTokyo North Tower, 1-9-1 Marunouchi, Chiyoda-ku, Tokyo
Representative: Morimasa Matsuda, President and Representative Director
Business overview: Proprietary investments in the renewable energy and infrastructure sectors in Japan and abroad.
URL: https://www.daiwa-ei.jp/

Green Gold Energy Pty. Ltd.

Name: Green Gold Energy Pty. Ltd.
Location: 216 GLEN OSMOND ROAD FULLARTON SA 5063
Level 17, 570 Bourke Street, Melbourne, VIC 3000
Representative: John HUANG (Chong Chong Huang), Managing Director
Darren Spriggs, Investment & Development Director
Business: Development, construction and operation of solar power generation facilities in Australia.
URL : https://greengoldenergy.com.au/

ENECHANGE Ltd.

ENECHANGE is an energy technology company that promotes a carbon-free society through digital technology with the mission of Changing Energy For A Better World. We offer services based on data utilization in the field of the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, U.K., a country where liberalization is mature. ENECHANGE has a British subsidiary, SMAP Energy Limited, as well as a global network and analytical technology for energy data.

URL: https://enechange.co.jp/en/

For inquiries

ENECHANGE Ltd.
pr@enechange.co.jp