Japan: Company formed to develop 500 MW

Share

A revamped FIT regime came into effect in Japan on July 1, which has the potential to deliver substantial returns in a country where economic growth has been slow, if present at all, over the past decade. Responding to this opportunity, major corporations are moving to develop photovoltaic projects, such as West Holdings Corp., one of the primary investors in the Japan Mega Solar Power Co.

Bloomberg reported today that West Holdings, a Japanese construction company that remodels and rebuilds houses, formed the Japan Mega Solar company in June.

The new company plans to build 250 utility-scale photovoltaic plants, with a combined capacity of 500 MW, and has attracted 12 investors including Chinese photovoltaic cell manufacturer JA Solar Holdings. The projects are to be developed over 5 years.

West Holding is not the only major Japanese company moving into large-scale photovoltaic development, Noriaki Yamashita, a Senior Researcher Institute for Sustainable Energy Policies (ISEP) told pv magazine. He reported that in July more than 40 big companies announced plans to do so, representing "a very big tide for the renewable energy industry."

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

German authorities arrest Solar Fabrik CEO

18 July 2024 The German police have arrested Christian Laibacher, the CEO of German solar manufacturer Solarfabrik, in relation to an investigation by the Würzburg...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.