Hexa Renewables, Marubeni partner for 100 MW of solar in Japan

A strategic partnership between independent power producer Hexa Renewables and Japanese trading house Marubeni will see up to 100 MW of solar projects developed across Japan by the end of 2028.

Image: Michael Pointner, Unsplash

Share

Singapore-based Hexa Renewables and Japanese conglomerate Marubeni have entered into a strategic partnership to co-develop up to 100 MW of solar across Japan.

Marubeni said it plans to procure about 1,000 non-feed-in tariff (non-FIT) solar plants by the end of 2028 and sell them to Hexa.

Hexa will manage the assets and corporate power purchase agreements (cPPA). Marubeni added that its wholly owned subsidiary, Marubeni Power Retail, is expected to have priority in cPPA negotiations.

Hexa Renewables Group Commercial Chief Officer Vince Choi said the partnership will support Japan’s renewable energy targets.

Japan’s government recently approved its seventh Strategic Energy Plan, aiming to cut greenhouse gas emissions by 73% by 2040 and achieve carbon neutrality by 2050.

Marubeni said Japan’s Ministry of Economy, Trade and Industry plans to increase renewable energy’s share of the power mix to 40%–50% by 2040, with solar set to become the largest power source.

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

Hidden devices found in Chinese-made inverters in the US, reports Reuters
14 May 2025 US officials are reassessing the risks posed by Chinese-made devices in renewable energy infrastructure according to news agency. Reuters cites two un...