The fund is the third one, ?g3rd Fund?h, following TM Nippon Solar Energy Fund 2012 Limited Partnership the ?g1st Fund?h, which was launched in August 2012 and TM Nippon Solar Energy Fund 2013 Limited Partnership the ?g2nd Fund?h, both established by TMA and Mitsui & Co., Ltd.

Mitsui & Co. Plant Systems takes over the business structure from MBK including know-how of PV plant development. Mitsui & Co. Plant Systems will organize and develop mega-solar power projects, while TMA will create a new fund and offer investment to institutional investors privately.

The fund will be set up by the end of August 2014. Development and construction of eight PV plants will be completed in sequence between March 2015 and March 2016. On completion of each plant, ownership of the plant will be transferred to the fund.

The eight project sites are the following:

The sites are leased not only from corporate owners but also from individual owners. Mitsui & Co. Plant Systems will continue development of renewable energy projects, including rooftop-mounted PV, biomass and wind power in addition to ground PV, seeking long-term profits under the feed-in tariff program. Thereby Mitsui & Co. Plant Systems provides domestic institutional investors with attractive investment opportunities as a part of its efforts to promote use of renewables.

Besides, Mitsui & Co. Plant Systems is engaged in asset management of PV plants for the 1st and the 2nd Fund including regular maintenance, output analysis and emergency response to provide the project owners with long-term stable performance, accumulating know-how necessary for performance optimization and life extension of the plants. Based on those experiences, Mitsui & Co. Plant Systems will supply other project owners with third-party asset management services on a one stop basis from planning the maintenance program to providing the best solution for optimum performance of the plant.