Sky Solar Holdings, Hudson Clean Energy announce partnership

Sky Solar Holdings and Hudson Clean Energy Partners have recently established an association that aims to fund solar projects in both Latin America and Japan, with a total capital commitment from Hudson Clean Energy of up to $100 million; as part of the agreement, both companies are committed to invest on suitable renewable assets across the United States.

Chile and Uruguay will receive an investment of $50 million from Sky Solar or the construction of approximately 128 megawatts of solar project. The company will receive 49 percent minority equity stake in the projects upon their completion. A $50 million investment in Japan from Hudson is still waiting for approval.

"We are delighted to be working with a leading specialized private equity and infrastructure fund to develop shovel-ready projects in our key markets," said Sanjay Shrestha, chief investment officer of Sky Solar and president of Sky Capital Americas. "In addition to the near-term capital investment, we believe Sky Solar will benefit from Hudson's long tenure as an investor in the renewable energy sector and unmatched industry experience in this strategic partnership."