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Megasolar operator to float infrastructure fund in Tokyo

TOKYO -- Japanese solar power company Next Energy & Resources is preparing to list an investment vehicle on a Tokyo market for trading of infrastructure development funds.

The fund will hold about a dozen or so domestic megasolar projects with combined assets of around 5 billion yen to 10 billion yen ($45.6 million to $91.3 million). Next Energy will set up an investment corporation by late November and file an application in January to take that entity public. It hopes to have the vehicle begin trading on the Tokyo Stock Exchange's infrastructure fund market in March.

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