Japan solar

Japan’s Shizen Energy has acquired all shares of renewable contractors juwi Shizen Energy and juwi Shizen Energy Operation, its two joint venture companies with Germany’s Juwi GmbH.

Primearth EV Energy (PEVE) announces large-scale lithium-ion battery plans, Germany’s saferay receives financing for a 50 MW PV project, and RTS Corporation provides an update on Japan’s solar auctions.

Kyocera TCL Solar LLC has completed work on a 21.1 MW solar PV plant in Japan’s Hagi City. Operations have also begun on five of the company’s floating solar power plants. Meanwhile, in light of decreasing FITs, it provides an update on its shifting solar focus.

The stake in a 610 MW platform comprising Japanese solar power assets was sold to a consortium led by Global Infrastructure Partners, a U.S. infrastructure investment fund.

Japan’s first solar PV auction has reaped disappointing results, with just 41 MW set to be developed. Under the revised FIT, meanwhile, 27.7 GW were cancelled. Despite this, JPEA is aiming for 200 GW of solar PV installs by 2050. Overall, cumulative installed capacity has reached over 40 GW. There are still many plans afoot for large-scale projects, although it is the rooftop sector, which holds the most promise.

Japan may reach its 2030 solar installation target of 64 GW about 10 years ahead of schedule, according to a new report by PV consulting firm, RTS Corp.

The Redwood Group will install PV modules on a second roof at a distribution center in Osaka, adding another 4 MW to an existing plant.

With this action the independent power producer has halved the value of its outstanding bonds, and will reduce its annual interest costs by 50%.