TOKYO -- The government-backed Development Bank of Japan has launched a roughly 53 billion yen ($509 million) fund to help drive the expansion of Japan's wind power industry.
The DBJ chipped in 13 billion yen to the fund, launched in partnership with Tokyo-based renewable energy provider Green Power Investment. Ten other institutional investors, including insurers and regional banks, are participating as well. Funds focused exclusively on wind power operators are rare in Japan.
