HK-based PAG launches renewables platform, to invest over $1b in Asia

APAC-focused alternative investment firm PAG has launched PAG Renewables, a wholly-owned platform that will invest over $1 billion in renewable energy in Asia over the next several years.

Following its acquisition of NASDAQ-listed First Solar’s project development platform in Japan in May, PAG has added First Solar’s development and operations teams to its real assets business to form the core of PAG Renewables. James Buford, executive officer of First Solar Japan, is now president and CEO of PAG Renewables.

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