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AMP Capital steps into Japanese infrastructure market
AMP Capital has taken the first step into the Japanese infrastructure market after being chosen as adviser to GII, a Japanese company that invests in renewable energy assets across Japan
The Asset 2 Mar 2015

AMP Capital has taken the first step into the Japanese infrastructure market after being chosen as adviser to GII, a Japanese company that invests in renewable energy assets across Japan. 

 
Mitsubishi UFJ Trust and Banking Corporation (MUTB), which formed a capital alliance with AMP Capital in 2011, is a silent partner in the Japanese company, says AMP in a statement.
 
GII will invest in renewable energy infrastructure such as solar photovoltaic generation facilities across Japan, taking advantage of the growing demand for clean energy.  Its first acquisition will be a 2-megawatt (MW) solar power generation facility located in Miyazaki prefecture.  
 
As adviser, AMP Capital will assist GII to acquire high quality assets, as well as provide ongoing advice.
 
“AMP Capital has been investing in infrastructure globally for the past 25 years and we are delighted to extend our relationship with MUTB as an adviser on this exciting opportunity,” says AMP Capital CEO International Anthony Fasso.
 
According to Fasso, AMP has expertise across a range of sectors from transport, such as airports, to power utilities and already have a number of renewable energy assets in its infrastructure equity and debt portfolios worldwide.
 
“There has been a lot of focus on expanding the renewable energy sector as part of a shift in Japan towards clean energy, and there is a growing need for funding for both brownfield and greenfield renewable energy projects. Providing long-term, stable funding into this area in order to support change also has a significant community benefit, says Fasso.
 
Going forward, MUTB plans to offer Japanese institutional investors the opportunity to invest into these renewable assets through a fund vehicle. The target market will be local pension plans that are looking for investment opportunities providing stable cash flow and low correlation to traditional asset classes such as equities.
 
MUTB Executive Officer Osamu Hoshi adds: “AMP Capital has a long history of investing in infrastructure. We look forward to working with AMP Capital as we look to bring it to market and expect to contribute to society as a stable funding provider in the renewable energy sector in the future.”
 
MUTB acquired a 15% minority shareholding in AMP Capital in 2012.  During the past two years, MUTB and AMP Capital have launched six retail funds and have worked closely to raise capital for AMP Capital’s Infrastructure Debt Fund II and Global Infrastructure Fund.
 

 

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