Japan

Mitsubishi Electric and Tokyo-based Sumitomo Mitsui Construction have finished building a 2.6 MW floating solar plant on a pond in western Japan.

Renewables developer Renova has broken ground on a 21.6 MW (DC) solar plant in central Honshu, Japan.

SB Energy, a subsidiary of Japanese telecoms group SoftBank, has revealed plans to build a 102.3 MW solar project in northern Japan, backed by 27 MWh of lithium ion storage capacity.

Panasonic recorded a net profit of JPY 118.9 billion ($1.04 billion) for the first half of the current fiscal year, from JPY 133.5 billion a year earlier, as sales of its PV systems fell.

Canadian Solar’s new PV investment vehicle has followed its recent trading debut in Tokyo with the acquisition of 13 solar projects in Japan for JPY 30.4 billion ($267 million).

NTT Facilities has connected 23.37 MW of solar capacity to the grid in eastern Japan’s Fukushima prefecture.

Etrion has revealed that it has purchased €6.3 million ($7.4 million) of its outstanding corporate bonds.

GIC Private Ltd., Singapore’s sovereign wealth fund, has said that one of its affiliates will become a corporate partner in GS Renewable Holdings GK, the parent of developer Japan Renewable Energy (JRE).

Pacifico Energy has announced the start of construction on its Toyota Mega Solar Power Plant, located on mountainous land in Toyota City, Aichi Prefecture. The plant is expected to be grid connected in December 2019.

The Japanese equipment provider also reported an increase in sales of 19.2% for fiscal year 2017. In the machinery business, the company said, all of sales of the large-scale deal were booked as planned.