ENECHANGE Ltd.(Head office: Chuo-ku, Tokyo; CEO: Yohei Kiguchi) is pleased to announce three additional solar power projects with Daiwa Energy & Infrastructure Co. Ltd. (Head office: Chiyoda-ku, Tokyo; President: Morimasa Matsuda; hereinafter “Daiwa Energy Infrastructure”), which our company supports in project development and operation are advancing to the construction phase. With this development, the total number of Australian solar projects under construction through collaboration between Daiwa Energy Infrastructure andENECHANGE has now reached seven.

Daiwa Energy Infrastructure Ltd.,through its subsidiary established in Australia, NSW DEI INVESTMENT MANAGEMENT PTY. has acquired a 100% equity interest in a project in New South Wales (hereinafter: the Project) and has signed a construction contract with an Australian contractor.
The Project has been developed by Obton A/S, the parent company of the seller in this transaction, and Canigou Australian Solar Energy Limited (“Canigou”), headquartered in Hong Kong.
As part of its overseas renewable energy investment support business (hereinafter: Advisory Business), ENECHANGE provides research services on electricity markets and systems, confirms sourcing and commercial terms for investment projects, coordinates with developers and supports investment implementation. WIth the addition of these three projects, the total number of investment projects supported has reachedseven. We will continue to promote our advisory business for investment in renewable energy in Australia and contribute to decarbonisation through this endeavor.

Background

ENECHANGE 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 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 Daiwa Energy Infrastructure’s renewable energy investments, including this Project and other upcoming investment initiatives, primarily through coordinating administrative assistance.

Project overview

Acquisition company	NSW DEI INVESTMENT MANAGEMENT PTY. LTD (100% owned by Daiwa Energy & Infrastructure Co. Ltd. )
Acquired company	Langs Crossing Solar Farm 1 Pty Ltd
Seller	Obton Solenergi Bondi Aps and Canigou Australian Solar Energy Limited
Plant location	Hay NSW Australia
Installed capacity (planned)	6,048/4,998(MWp/MWac)

Acquisition company	NSW DEI INVESTMENT MANAGEMENT PTY. LTD (100% owned by Daiwa Energy & Infrastructure Co. Ltd. )
Acquired company	Daisy Hill Solar Farm 1 Pty Ltd
Seller	Obton Solenergi Bondi Aps and Canigou Australian Solar Energy Limited
Plant location	Hillston NSW Australia
Installed capacity (planned)	6,048/4,998(MWp/MWac)

Acquisition company	NSW DEI INVESTMENT MANAGEMENT PTY. LTD (100% owned by Daiwa Energy & Infrastructure Co. Ltd. )
Acquired company	Daisy Hill Solar Farm 2 Pty Ltd
Seller	Obton Solenergi Bondi Aps and Canigou Australian Solar Energy Limited
Plant location	Hillston NSW Australia
Installed capacity (planned)	6,048/4,998(MWp/MWac)

Comment from Yohei Kiguchi, CEO of ENECHANGE Ltd.

We are very pleased to have signed construction contracts for three new solar projects for Daiwa Energy & Infrastructure Co. Ltd. and to have assisted in the transition to the construction phase of these projects. Our experience in advising on solar projects in Australia, a leading country in the introduction of renewable energy, has been valuable to us and we have been able to deepen our knowledge through this work. We will continue to play an active role in the international energy landscape and contribute towards the realisation of a sustainable society.

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. EIR has also announced the implementation of support for Daiwa Energy & Infrastructure Co. Ltd.’s first investment project in Australia in June 2023 (see press release here).
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/

Obton Solenergi Bondi Aps

Name: Obton Solenergi Bondi Aps
Location: Nicoline Hus, Kristine Nielsens Gade 5, 8000 Aarhus C,Danmark
Representative: Director Hans Peter Vestergaard
Business: Development, investment, construction, operation and management of photovoltaic projects.
URL: https://www.obton.com/

Canigou Australian Solar Energy Limited　

Name: Canigou Australian Solar Energy Limited
Location: 17th Floor Lippo Centre Tower 1 89, Queensway Hong Kong Admiralty, Hong Kong
Representative: Founder and CEO Craig Copeland
Business Outline：Providing financing, development, construction and operation of renewable energy projects
URL: https://www.canigougroup.com/

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, UK – a country where liberalization is mature. ENECHANGE has a UK subsidiary, ENECHANGE Innovation 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