Barclays to Follow Goldman in Arranging Solar Bonds in Japan
- Goldman arranged bonds to finance 16 solar projects in Japan
- Japan sees clean energy doubling as power source in 2030
Photovoltaic Panels
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Barclays Plc plans to follow Goldman Sachs Group Inc. in arranging bonds that finance solar power in Japan as early as next year, with the government forecasting incentives will double clean energy output in 15 years.
“Renewable energy is a sector that has a great potential," said Morifumi Yotsumoto, the head of debt capital markets at the banking section of Barclays in Tokyo. Project bonds are attractive for investors “as an alternative that offers a long-term and relatively high spread,” he said in an interview.