HD Renewable Energy Japan Co., Ltd. has entered into a Tokumei Kumiai (silent partnership) interest purchase agreement with Brawn Capital to acquire a majority interest in “Helios I,” a 50 MW / 104MWh battery energy storage system (BESS) project located in Sapporo, Hokkaido, Japan. The project is expected to reach completion and become operational by the end of 2025.
The construction and ongoing maintenance of the site will be carried out by Hokkaido Electric. Helios I was developed by Manoa Energy, a renewable energy developer focused on Japan, under the management of Brawn Capital. This project plays a crucial role in addressing Japan’s energy challenges, particularly the need for grid stability and decarbonization.
With increasing solar energy production, projects like Helios I are essential for storing excess energy generated during peak production times and releasing it when demand surges. This contributes to Japan’s broader objectives of achieving carbon neutrality by 2050 and expanding the share of renewable energy to at least 40% of the energy mix by 2040.
Jason Chou, General Manager of HDRE remarked, “This project marks an important step forward in HDRE’s commitment to advancing energy storage solutions that support Japan’s renewable energy transition. We are excited to collaborate with Brawn on this initiative, which enables us to accelerate our activities in this critical area. Together, we aim to deliver meaningful impact and contribute to a more sustainable energy future for the country.”
Scott Reinhart, CEO of BrawnCapital, mentioned, “We are pleased to partner with HDJP on this landmark BESS project, reinforcing Brawn Capital’s commitment to sustainable infrastructure investment in Japan. This transaction underscores our ability to develop high-quality battery energy storage solutions that enhance grid stability and accelerate Japan’s renewable energy transition. With this successful partnership, Brawn Capital Remains focused on expanding its energy storage portfolio and advancing next-generation clean energy investments across the Asia-Pacific region.”
Brawn Capital is a prominent investment manager with a focus on renewable energy in Asia, boasting a strong track record in supporting Japan’s energy transition. Currently, Brawn is actively developing over 1GW of BESS projects aimed at enhancing grid stability and accelerating decarbonization efforts.
Rohan Singh, Managing Partner Asia at Finergreen, stated, “We are glad to have participated in accelerating the deployment of BESS in Japan. This innovative technology is critical to enhance grid stability and further decarbonize the country’s energy mix. We see this transaction as a stepping stone to more involvement in BESS projects not only in Japan but also in other countries in APAC.”
Finergreen, a leading financial advisory firm specializing in energy transition, served as Brawn Capital’s exclusive sell-side advisor in this transaction. The firm provided critical support by structuring the deal, managing the due diligence process, and coordinating negotiations between the parties. This collaboration underscores Finergreen’s commitment to advancing sustainable energy initiatives in Japan.
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