Actis' Nozomi Energy to Achieve 1.1 GW of Onshore Wind and Solar Power Generation by 2027

Actis has launched Nozomi Energy, a new US$500 million Japan-focused renewables platform. Nozomi will target 1.1GW of onshore wind and solar power generation by 2027.

The investment is made from Actis’ fifth and latest energy infrastructure fund, which represents $6 billion of investable capital.

Actis has recruited a dedicated management team to run Nozomi and deliver its buy and build strategy. The team will be led by Jose Antonio Millan Ruano, an experienced energy professional with around 20 years of renewables experience (including over 11 years in Japan), most recently as President & CEO of Hinode Energy, and prior to that at Univergy Solar.

Actis has signed its first investment and seed asset for Nozomi, acquiring 100% of Hergo Japan Energy Corporation from Infrastrutture S.p.A., a leading internationally active renewable energy developer and IPP led by Pier Francesco Rimbotti, subject to customary closing conditions.

Hergo Japan Energy has a portfolio of operating and development stage solar and onshore wind projects totaling around 230MW, plus a significant pipeline of early-stage projects. Hergo Japan Energy’s CEO, Minoru Saito, will remain with the new platform, as Vice-Chairman and Head of Wind at Nozomi.