Hudson Clean, Adenium to Invest $300 Million in Japanese Solar

Hudson Clean Energy Partners, a clean-energy private equity investor, joined with the Middle East developer Adenium Energy Capital to invest $300 million in large solar farms in Japan.

Adenium completed a 20-megawatt solar farm in Japan in May and has another 75 megawatts of projects under development, according to an e-mailed statement Tuesday.

Japan offers strong incentives for solar energy that are driving an installation boom, said Neil Auerbach, chief executive officer of Teaneck, New Jersey-based Hudson Clean Energy.

Japan is “an attractive market and we take a cautious approach,” Auerbach said in a phone interview Tuesday.

Japan is expected to add more than 11 gigawatts of solar capacity this year, trailing only China’s estimated 17.5 gigawatts, according to Bloomberg New Energy Finance.

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