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Macquarie Group Ltd's Group Company and MAEDA CORP to Start Japan Infrastructure Joint Venture- Dow Jones

Monday, 21 Oct 2013 10:07am EDT 

Dow Jones reported that Macquarie Capital, which is a corporate-advisory and capital-markets arm of Macquarie Group Ltd, and MAEDA CORP said they would start a joint venture to invest in infrastructure and renewable energy. The venture will initially focus on solar power projects in Japan. The duo intend to launch the joint venture by the end of 2013, and for every project will invest in separate special-purpose vehicles which will raise project finance from lenders. By the end of 2016, the joint venture hopes to have exposure to projects with 300 megawatts of generation capacity. 

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