Japan will invest $2 billion in African energy and mineral projects over the next five years which include direct loans, underwriting of debt offerings, and equity stakes. The Wall Street Journal said that the Asian island is desperate to secure long-term investments which could also see a fresh deployment of Japanese technology throughout the continent.
For renewable energy, there are a many recent partnerships that could make their way to Africa as Japan focuses more on the continent. Germany’s juwi Group is making headway in several renewable energy projects in Africa like Egypt and South Africa; most recently the group formed a new JV with Japan’s Shizen Energy Inc. And Mitsui & Co., Ltd. could venture into the continent’s RE sector after a recent partnership with GDF SUEZ Energy Latin America Participações Ltda., subsidiary of the global energy group GDF SUEZ S.A., to establish a Brazilian JV. The new JV will help complete the 3,750-MW Jirau run-of-the river hydropower project. GDF Suez is already present in Africa, and this could be another opportunity to join forces for more RE endeavors.
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