Renewable Japan Funding, Investors & Competitors

Renewable Japan has raised $195M across 4 funding rounds, most recently a $8M strategic investment round in March 2019.

Last Renewable Japan funding round

$8M

Strategic investment · Mar 2019

Cumulative funding Renewable Japan raised

$195M

across 4 funding rounds

Key investors in Renewable Japan

  • Hitachi Capital Trust
  • Tokyu Land
  • Barclays Global Investors

Renewable Japan Overview

About Renewable Japan

Renewable Japan is a Tokyo-based planner of solar and biomass power plants across Japan. The company develops 100-megawatt facilities in Hokkaido and Kyushu, securing PPAs with utilities like JERA and Tokyo Electric Power. Renewable Japan handles permitting, construction, and sales of FIT-eligible projects totaling 500 megawatts.


Founded

2012

HQ

JapanTokyo

Website

rn-j.com

Status

Privately held

Customer focus

B2B

Revenue model

Services

Renewable Japan Funding History

Renewable Japan has raised a total of $195M across 4 funding rounds.

Renewable Japan's first fundraising round was a $43M undisclosed-stage round in August 2017. The most recent completed round was a $8M strategic investment round in March 2019.

Renewable Japan funding rounds

Renewable Japan funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2019Strategic investmentTokyu Land (lead)$8M-
Feb 2019Undisclosed stageHitachi Capital Trust (lead)$81M-
Apr 2018Undisclosed stageBarclays Global Investors (lead); Hitachi Capital Trust$64MRenewable Japan Co., Ltd. is a Japanese company focused on renewable energy, particularly solar power projects including solar sharing systems that enable simultaneous farming and power generation. Key events include its establishment, start of large-scale solar sharing operations, issuance of its first green bond, first project financing in October 2017, and acquisition of an overseas project in Spain. The company has issued multiple project bonds as sole lead manager, such as Project Bond II for JPY6.9bn (16.5MW) in April 2018, Project Bond IV for JPY5.7bn (14.8MW) in June 2019, and others up to 2021 totaling significant capacities.
Aug 2017Undisclosed stageHitachi Capital Trust (lead)$43M-

Who has invested in Renewable Japan?

3 investors have backed Renewable Japan across its funding rounds, including Hitachi Capital Trust, Tokyu Land and Barclays Global Investors.

Lead investors include Tokyu Land, Hitachi Capital Trust and Barclays Global Investors.


Renewable Japan Investors

Investors in Renewable Japan by funding rounds participated
InvestorHQRoundsRoleFirst check
Hitachi Capital TrustJapanTokyo3LeadAug 2017

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Renewable Japan Competitors

Renewable Japan competitors include listed companies like Brookfield Renewable Partners and REC, and private ones like Lancium Technologies, 50Hertz, The Faraday Grid and Ample.

Public and private companies comparable to Renewable Japan
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lancium TechnologiesUnited StatesHouston, TXPrivate--$10B-
Brookfield Renewable PartnersCanadaCanadaPublicly listed$6.4B$4.8B$8.9B11.7x
RECIndiaIndiaPublicly listed$2.3B$2.2B$8.6B25.9x
50HertzGermanyGermanyPrivate--$6B-
The Faraday GridUnited KingdomEdinburghPrivate--$3.7B-
AmpleUnited StatesSan Francisco, CAPrivate--$1B-

Renewable Japan Public Comps

Renewable Japan is still privately-owned, but its public comps include GE Vernova, Iberdrola, Enbridge, China Yangtze Power, Constellation Energy, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan and TC Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Williams Companies$12B$7.4B10.1x9.8x16.4x14.6x
Enterprise Products$53B$9.6B2.2x1.9x12.3x11.0x
Energy Transfer$86B$15B1.9x1.5x10.5x8.8x

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Common questions about Renewable Japan

When was Renewable Japan founded?Renewable Japan was founded in 2012.
Where is Renewable Japan headquartered?Renewable Japan is headquartered in Tokyo, Japan.
Is Renewable Japan publicly listed?No, Renewable Japan is a private, VC-backed company.
How much funding has Renewable Japan raised?Renewable Japan has raised $195M across 4 funding rounds.
What was Renewable Japan's last funding round?Renewable Japan's last funding round was a $8M strategic investment round in March 2019, led by Tokyu Land.
Who are Renewable Japan's investors?Renewable Japan's investors include Hitachi Capital Trust, Tokyu Land and Barclays Global Investors.
Which companies are comparable to Renewable Japan?Companies comparable to Renewable Japan include Lancium Technologies, Brookfield Renewable Partners, REC, 50Hertz, The Faraday Grid and Ample.

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