Gestamp Solar to develop 300 MW of solar projects in Japan

"Kankyo Keiei and Gestamp Solar will work closely to identify the most suitable roof-tops and develop the required permits, licenses and authorizations," said Jorge Barredo, CEO of Gestamp Solar. The partnership will seek to develop rooftop solar projects starting with 30 MW, a part of the 300 MW total.

Barredo has stated in Tokyo that the company is projecting the cost at $5,000/kW. An investment of US$1.5 billion is expected, according to Bloomberg. Gestamp also plans to use Japanese panels, as these will "fit Japanese culture" and the company want to have business with local suppliers.

Gestamp Solar is the photovoltaic energy branch of Gestamp Renewables, which specializes in the development, construction, operation and maintenance of utility-scale photovoltaic plants. The company has developed over 450 MW of solar projects to date.