Daiwa Energy Infrastructure

What Daiwa Energy Infrastructure does

Daiwa Energy & Infrastructure Co. Ltd. (大和エナジー・インフラ株式会社) is a Tokyo-based private investment firm and wholly-owned subsidiary of Daiwa Securities Group, established in 2018 to deploy capital into renewable energy and infrastructure assets globally. As of March 2026, cumulative investment reached 180 billion JPY across Japan, the UK, Europe (UK, Finland, Ireland, Spain, Portugal, Germany, Austria), the United States, Australia, and Southeast Asia (Vietnam, Maldives). The portfolio spans solar PV, onshore and offshore wind, biomass, geothermal, grid-scale battery energy storage systems (BESS), regulated power transmission and distribution (Electricity North West in the UK, Moray East OFTO), optical fiber networks (Spain), toll roads (Ireland), data centers, and aircraft operating leases. Notable positions include a 49% stake in Moray East OFTO, co-ownership of Electricity North West with Iberdrola and Kansai Electric Power, a 3.3% stake in the 1.2 GW Hornsea One offshore wind farm, a 50% stake in TotalEnergies' 604 MW Portuguese renewable portfolio, and a 40% stake in Aquila Capital (managing approximately 12.5 billion EUR across 14 offices in 12 countries).

The company organizes its strategy around three published focus areas: Battery Storage (grid-scale BESS with revenue-stacking across wholesale electricity, balancing, and capacity markets), Data Centers (GPU computing facilities serving generative AI demand), and Fundraising & Co-investment (fund formation and capital recycling). Financial products include the Hokkaido Mega Solar Private Fund (formed 2020, implementing a 'locally produced, locally consumed' energy and finance model with Hokkaido Electric Power and North Pacific Bank), the DSREF Core Amaterasu Investment Limited Partnership (formed 2021 with approximately 16 billion yen in capital commitments from domestic pension funds and life insurance companies), and the Daiwa Green Finance Program (rated Green 1 and A by Japan Credit Rating Agency). Revenue is generated through asset management and fund management fees, principal investment returns from direct equity stakes, mezzanine financing income (40 billion yen target in partnership with Shinsei Bank Group), and project finance arrangement fees.

Go-to-market is relationship-driven: Daiwa Energy Infrastructure leverages the Daiwa Securities Group institutional distribution network for fund placement and pairs its own balance sheet capital with co-investment partners including Aquila Capital, TotalEnergies, Iberdrola, Kansai Electric Power, Equitix, InfraRed Capital Partners, Macquarie, MM Capital, Mizuho Leasing, Commerzbank (via ACI), Aozora Bank, and various regional and utility partners. The company employs 40+ investment professionals and is led by a senior management team drawn primarily from Daiwa Securities and major Japanese trading houses; new leadership took effect in April 2026 with Tsutomu Kobayashi (former CRO of Daiwa Securities Group) as Chairman and Leo Nakajima (formerly of a major trading company with 30+ years in global energy and infrastructure M&A) as President.

Name

Daiwa Energy Infrastructure

Legal name

Daiwa Energy & Infrastructure Co. Ltd.

Website

https://daiwa-ei.jp

Company type

Private

Founded year

2018

Operating status

Operating

Short description

Daiwa Energy & Infrastructure is a Tokyo-based private investment firm and Daiwa Securities Group subsidiary that invests globally in renewable energy, battery storage, data centers, and social infrastructure assets, serving Japanese institutional investors through fund formation and capital recycling.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Investment

NAICS

Other Financial Vehicles (52599), Electric Power Generation (22111)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy investment
• Infrastructure fund management
• Energy transition assets
• Battery storage investment
• Alternative asset management

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Others

Revenue model

1. Asset Management & Fund Management Fees: Management fees from funds including DSREF Core Amaterasu Fund (approximately 16 billion yen in capital commitments) and Hokkaido Mega Solar Private Fund. Fee income from managing renewable energy and infrastructure portfolios.
2. Principal Investment Returns: Returns from direct equity investments in operating renewable energy assets, infrastructure projects, and battery storage systems. Realization of investments through capital recycling via fund formation or secondary sales.
3. Mezzanine Financing Income: Target of 40 billion yen in mezzanine financing for domestic renewable energy projects in partnership with Shinsei Bank Group.
4. Project Finance Arrangement: Arranging project finance for energy storage and renewable energy projects with co-investors including Aozora Bank for grid-scale BESS.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Daiwa Energy & Infrastructure Co. Ltd. is a principal investment and asset management firm focused on renewable energy and infrastructure assets globally. The company invests in solar PV, wind power, biomass, geothermal, and battery storage projects, as well as power transmission/distribution, fiber networks, toll roads, data centers, and aircraft operating leases. It structures private placement funds and arranges co-investments for domestic institutional investors including pension funds and life insurance companies.

Product overview

Daiwa Energy & Infrastructure Co. Ltd. is an investment company and member of the Daiwa Securities Group that invests globally in energy and infrastructure assets. The company operates three core investment focus areas: Battery Storage (grid-scale BESS projects), Data Centers (GPU computing facilities), and Fundraising & Co-investment. Its product portfolio includes renewable energy investments (solar, wind, biomass, geothermal), infrastructure investments (power transmission/distribution, fiber networks, toll roads, aircraft leases), and structured fund products such as the Hokkaido Mega Solar Private Fund and DSREF Core Amaterasu Fund. The company leverages the Daiwa Securities Group's financial expertise to develop and offer financial products, connecting institutional and retail investors with energy and infrastructure investment opportunities.

Differentiator

Problem solved

Functional benefit

Products and services

• Hokkaido Mega Solar Private Fund Privately placed fund incorporating three mega solar PV projects in Iwamizawa and Kushiro, Hokkaido, implementing the 'locally produced, locally consumed' energy and finance concept. Targets domestic institutional and local investors.
• DSREF Core Amaterasu Investment Limited Partnership Fund focusing on operational solar PV plants across Japan generating stable cash flows, with approximately 16 billion yen in capital commitments from institutional investors including domestic pension funds and life insurance companies.
• Daiwa Green Finance Program Green finance program including asset-based lending and beneficiary interests that has received Green 1 green rating and A credit rating from Japan Credit Rating Agency, Ltd., used to finance renewable energy projects.
• Battery Storage Solutions Grid-scale battery energy storage systems (BESS) that store electrical energy for later use, balancing supply and demand, maximizing renewable energy utilization, and providing emergency backup during disasters.
• Data Center Investment Investments in data center development and operations, including GPU computing facilities, to support growing demand for AI infrastructure, cloud computing, and digital services.
• Fundraising and Co-Investment Services Fund formation and co-investment opportunities in renewable energy and infrastructure assets, combining fund scalability with financial expertise to create larger-scale impact investments for institutional investors.

Quantifiable outcome

• 180 billion JPY cumulative investment deployed across global renewable energy and infrastructure portfolio
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered major, minor and core.

• Kyushu Railway Company (JR Kyushu)majorStrategic or Co-development Partner · 27 March 2026Joint development of 6.6 MW rooftop solar installation at LOGI STATION logistics facility in Ogori City, Fukuoka. One of the largest rooftop solar installations in Kyushu region generating 7.7 million kWh annually and reducing CO2 by 3,457 tonnes per year.
• JR Hakata CitymajorStrategic or Co-development Partner · 27 March 2026Co-developer with JR Kyushu and Daiwa Energy of large rooftop solar installation at logistics facility. Implements both onsite and offsite power purchase agreement models within the same facility.
• NR-Power Lab Co., Ltd.majorStrategic or Co-development Partner · 17 June 2024Joint venture between NGK Insulators and Ricoh developing hybrid energy storage system with battery hub leasing functionality. Daiwa Energy participating in proof of concept for 'StorageHub' hybrid system combining NAS and lithium-ion batteries.
• Obton A/SminorStrategic or Co-development Partner · 20 October 2023Danish developer of solar PV and BESS projects. Sold 5 MW solar PV projects in Australia including Temora (NSW) and Hilston (NSW) projects to Daiwa Energy Infrastructure.
• Canigou Australian Solar EnergyminorStrategic or Co-development Partner · 20 October 2023Hong Kong-based developer of Australian solar PV projects. Co-seller with Obton of 5 MW projects in NSW Australia including Temora and Hilston solar installations.
• Green Gold Energy Pty. Ltd.minorStrategic or Co-development Partner · 30 June 2023Australian solar PV developer. Sold 5 MW Numurkah solar project in Victoria to Daiwa Energy Infrastructure. Project in ready-to-build phase with EPC contract in place.
• Toshiba Energy Systems & Solutions CorporationmajorStrategic or Co-development Partner · 17 May 2022Aggregator partner for FIP (Feed-in Premium) scheme power supply contract. Partnership with CO2O for solar PV plant in Satsuma Town, Kagoshima, demonstrating FIP business model without electricity price fluctuation risk.
• CO2O Inc. (now CO2OS)majorStrategic or Co-development Partner · 17 May 2022Co-development partner for Kagoshima solar PV project under FIP scheme. Joint venture for corporate PPA development up to 150 MW of new solar capacity. Three-party collaboration with Toshiba ESS.
• Aquila Capital Holding GmbHcoreStrategic or Co-development Partner · 4 November 201940% strategic stake in Aquila Capital, a renewable energy investment management company managing approximately 12.5 billion EUR. Partnership to accelerate European renewable energy business and gain access to PPA markets. Aquila Capital has 14 offices across 12 countries with 450+ employees.
• Swimsol GmbHminorStrategic or Co-development Partner · 14 June 2019Investment in offshore solar PV developer. Swimsol developed world's first marine-grade floating photovoltaic system 'Solar Sea' for coastal areas and islands. Operating in the Republic of Maldives.
• RENOVA, Inc.minorStrategic or Co-development Partner · 21 May 2019Partner in Hakodate City geothermal power project in Hokkaido. RENOVA has strong capabilities in planning, development and O&M of renewable energy projects in Japan.
• Mitsubishi Materials CorporationminorStrategic or Co-development Partner · 21 May 2019Partner in Hokkaido geothermal project with expertise in hydroelectric and geothermal electricity generation. Joined project in 2022 for geothermal resource survey.
• Biomass Fuel Co., Ltd.majorStrategic or Co-development Partner · 29 June 2018Joint venture to establish Biomass Fuel Vietnam Co., Ltd. in Nghe An Province, Vietnam. Factory produces 200,000 tons annually of wood pellets certified as sustainable and traceable for biomass power plants.
• Green Thermal Co., Ltd.coreStrategic or Co-development Partner · 13 November 2015Strategic partnership with biomass power specialist for medium-sized biomass power plants using domestic wood materials. GT handles development, fuel supply, and O&M. Partnership includes plants in Yamagata (6.3 MW), Wakayama (6.8 MW), and Yamanashi (7 MW).

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• I Squared Capital: Independent global infrastructure investor with focus on energy transition, utilities, and digital infrastructure. Comparable scale, fund structure, and target geographies (OECD renewables + emerging markets).
• Blackstone Infrastructure Partners: Blackstone's dedicated infrastructure platform invests in energy transition, digital infrastructure, and transportation assets globally. Comparable scale, mandate, and institutional LP base as DEI's renewables and infrastructure strategy.
• Equitix: UK-based infrastructure fund manager and direct co-investment partner of DEI in Hornsea One offshore wind and Aurora Infrastructure Finland. Highly comparable business model focused on long-life, regulated and contracted infrastructure assets.
• InfraRed Capital Partners: Global infrastructure investment manager and existing DEI co-investment partner in US onshore wind (Brazos) and solar PV (Madison). Directly comparable in mandate (renewable energy infrastructure) and LP base (pension funds, insurance companies).
• Brookfield Asset Management: Brookfield Renewable Partners is one of the largest publicly traded renewable energy platforms, operating across wind, solar, storage, and hydroelectric assets globally. A direct competitor for institutional capital and renewable energy investment mandates in OECD markets.
• Morrison & Co: Asia-Pacific-based infrastructure investment manager with similar focus on renewables, digital infrastructure, and transportation assets. Comparable in mandate to DEI, particularly relevant as a peer for Asia-Pacific institutional LP relationships.
• Macquarie Asset Management: Macquarie's Green Investment Group and Macquarie Asset Management are among the world's largest renewable energy and infrastructure investors, with a comparable global mandate across wind, solar, BESS, and transmission assets. DEI has co-invested with Macquarie (Pentacom fiber in Spain), and they directly compete for OECD renewables deal flow and Japanese institutional capital.
• KKR Global Infrastructure Investors: KKR's infrastructure platform invests across renewables, power transmission, and digital infrastructure globally. Competes with DEI for OECD-market renewable energy assets and engages similar institutional LP base.
• Aquila Capital: European renewable energy investment manager in which DEI holds a 40% strategic stake, managing ~12.5B EUR across wind, solar, and BESS. Most directly comparable peer in business model, asset class mix, and European renewable energy mandate; now operating under Commerzbank's majority ownership.

Emerging players

• Equis Pte. Ltd. Asia-Pacific focused renewable energy and infrastructure developer and investor with comparable geographic focus (Japan, Australia, Southeast Asia) and asset class mix (solar, wind, BESS). A direct competitor for deal flow in DEI's core Asia-Pacific markets.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Daiwa Energy Infrastructure