ICG Teams Up with Obton for Japan's Solar Market Expansion
Deal News | Apr 01, 2025 | Intermediate Capital Group (ICG)
Intermediate Capital Group (ICG), a global asset manager, announced a strategic partnership with Obton A/S, targeting Japan's renewable energy sector. This collaboration aims to bolster Obton Japan's ambition to achieve over 1,000MW of solar projects. Obton Japan, active since 2021, operates over 500MW and focuses on acquiring brownfield and greenfield solar assets. The Japanese energy market is undergoing transformation, prioritizing decarbonization and eyeing a 50% renewable electricity mix by 2040. ICG's partnership marks its Asia-Pacific Infrastructure team's first entry into the Japanese renewables sector and its third APAC renewables platform partnership in 2023. Legal counsel for the transaction was provided by King & Spalding and Nishimura & Asahi.
Sectors
- Renewable Energy
- Alternative Investment Management
Geography
- Japan – The partnership between ICG and Obton focuses on expanding solar energy investments in Japan.
- Denmark – Obton, the company partnering with ICG, is headquartered in Denmark.
Industry
- Renewable Energy – The article discusses ICG's entry into the Japanese renewable energy market through a partnership with Obton, focusing on solar energy.
- Alternative Investment Management – ICG is described as a global alternative asset manager, indicating relevance to this industry.
Financials
- Over 1,000MW – Obton Japan's growth target for installed solar capacity over the next five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intermediate Capital Group (ICG) | Partner | Companies | A global alternative asset manager partnering with Obton for solar energy expansion in Japan. |
| Obton A/S | Partner | Companies | A Danish renewables company partnering with ICG to grow its solar business in Japan. |
| Obton Japan | Target | Companies | The Japanese branch of Obton focused on solar energy projects, aiming for significant expansion in capacity. |
| King & Spalding | Legal Advisor | Companies | Served as legal counsel to ICG for the partnership transaction. |
| Nishimura & Asahi | Legal Advisor | Companies | Also served as legal counsel to ICG for the partnership transaction. |