Japan-based Daiwa Securities Group Inc has launched a fund to support the construction and start-up of large-scale photovoltaic parks in Japan. 

The target size of the fund stands at JPY5 billion (US$45 million).

The company already owns Daiwa Energy & Infrastructure Co Ltd (DEI), a fund targeting energy and infrastructure markets. At a later point, Daiwa is expected to transfer its interest in the solar fund to DEI.