AMP Capital was named adviser for GII Ltd., a Tokyo-based special purpose fund set up by Mitsubishi UFJ Trust and Banking Corp. to make investments in renewable energy assets in Japan, said a spokeswoman for Sydney-based AMP Capital.
MUTB, which took a 15% minority stake in AMP Capital in 2012, will look to set up a fund “in the future” to give Japanese institutional investors the opportunity to invest in existing, as well as “greenfield” renewable energy projects, AMP Capital said in a news release Monday.
GII’s “first acquisition will be an operating, two-megawatt solar-power generation facility located in Miyazaki prefecture,” which is on the island is Kyushu, the southern-most of Japan’s four major islands, the news release said.
