Goldman Sachs plans $2.9 billion in Japan renewables investments

It looks as if there is a lot of money available for renewable energy investments in Japan, thanks in large part to the Feed-in-Tariff.   Last week, the Japanese press carried reports that Goldman Sachs plans $2.9 billion in Japan renewables investments over the next five years.  GS has set up a subsidiary, Japan Renewable Energy, which has already lined up 40 megawatts of projects primarily in Ibaraki Prefecture.

Bloomberg noted that in fact GS only plans to invest around $500 million of equity, with the rest of the funding to come via bank loans and project financing.

Lots of other financial investors now have allocations available for renewables in Japan.  As long as the feed-in-tariff system continues to be implemented faithfully, as long as projects become available, the money will be there.