Mubadala Investment Company, Abu Dhabi's sovereign investment company, has completed an investment project in Japan through BAG's PAG REN I renewable energy platform in the Asia-Pacific region, which primarily specializes in providing solar energy to businesses across Japan.

The PAG REN I platform benefits from the expertise of BAG in the Japanese real estate sector and its company, BAG Renewables, which specializes in the renewable energy sector.

The platform aims to support Japan's ambitious plans in the field of solar energy. Japan seeks to add 108 gigawatts of solar energy by 2030.

Hammad Rahman, Head of Conventional Infrastructure, Asia Pacific at Mubadala, said: “We are pleased to expand our presence in Japan and the Asia Pacific region, through our first investment in the clean energy sector.”

Rahman stressed that this investment will help reduce the level of carbon emissions and reduce dependence on imported fuel. This is in line with Japan's domestic and international emissions reduction goals.

The PAG REN I platform is a pivotal supporter of the efforts of major institutions in Japan as they transition to clean energy. The platform also benefits from Japan's Power Purchase Framework Agreement, which aims to help Japanese companies and institutions purchase electricity directly from renewable energy suppliers in the long term.

This investment demonstrates Mubadala's commitment to achieving energy security in Japan, and shifting the energy supply chain away from imported energy sources to domestic energy sources.