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Astrid Renew expands into Japan with new MD hire

Masahiro Ito joins Astrid Renew as Managing Director, Japan

November 13, 2023 at 4:00:00 AM

13 November 2023, Singapore – Astrid Renew (“Astrid”), a 100% owned portfolio company of Seraya Partners, announced that that Masahiro Ito joins Astrid as Managing Director, Japan. Having served in the past 20 years as Japan Country Manager for numerous leading energy and engineering companies, Masahiro brings a wealth of knowledge and leadership to guide Astrid’s market expansion into Japan.

Based in Tokyo, Masahiro holds a stellar track record for leading the new market entry of multiple global energy companies in Japan. He held leadership roles with P&L responsibilities at Amarenco, Baseload Capital, First Solar, BayWa R.E. and SunEdison. In the last 10 years, he has launched more than 200 MW of solar and geothermal projects making him the ideal choice for leading Astrid’s global footprint into the Japan market.

Masahiro holds an MBA from Boston College and received a Bachelor of Economics (International Business) from Keio University as well as a Bachelor of Science in Architecture (Structural Engineering) from Yomiuri Institute of Technology in Tokyo, Japan.

“It is my honour to be part of Astrid’s launch into the Japan market. Japan continues to offer extensive opportunities for renewables development, ranging from solar, wind and energy storage projects. I seek to bring my expertise to drive Astrid’s growth into the Japan market and to contribute back to this exciting sector.” Said Masahiro Ito, Managing Director, Japan of Astrid Renew.

“Seraya Partners is excited to have Masahiro lead our charge into the Japan renewables market. Japan is the leading renewables market in Asia and is a key market for Astrid. I am confident that with Masahiro’s background, we will see strong successes to come.” Said James Chern, Managing Partner and Chief Investment Officer of Seraya Partners.

Astrid is Seraya Partners’ second energy transition and digital infrastructure platform. Launched in 2022, Astrid targets to address the decarbonisation needs of corporates and utilities through the provision of innovative green energy solutions to build a US$1bn AUM business.