Mitsui, Tokio Marine Asset Plan Fund for 8 Japan Solar Stations

Aug 11, 2014 4:19 am ET

Aug. 11 (Bloomberg) -- A unit of Mitsui & Co. and Tokio Marine Asset Management Co. are planning a 7.7 billion yen ($75 million) fund focused on solar projects for institutional investors.

The fund plans to invest in 8 solar stations to be built in various locations across Japan that will have a total capacity of 25 megawatts, Mitsui & Co. Plant Systems Ltd. said in a statement today.

The fund will be opened by the end of August, according to the statement. Ownership of each plant will be transferred to the fund upon completion.