The Japanese gas provider wants to acquire a 63.2 MW solar plant in Japan and a 631 MW PV facility in the United States. It has issued a JPY 10 billion ($95.9 million) green bond to finance these transactions and support its other operations.
The private sector subsidiary of the French Development Agency is backing the construction of four solar power plants and two wind farms with a combined generation capacity of 900 MWp.
Talk of ‘grid-parity’ and ‘subsidy-free’ solar has had industry figures cherishing the ideal of a sector that can operate free of the caprices of government but a peer behind the latest global PV funding figures demonstrates just how dependent on policy the solar industry remains.
The Japanese gas provider has acquired a 50% interest in four Mexican PV projects with a combined capacity of 746 MW. The new joint venture will further develop solar and renewables across the country.
The acquisition of a 4.8 MW solar plant in the Kyoto prefecture and creation of a joint venture with Japanese storage specialist Exergy are part of the group’s 2020 plan to diversify its business into renewables and acquire 1 GW of capacity in them.
The liquefied natural gas distributor and its partner plan to start jointly developing an initial 60 MW of capacity “as soon as possible,” according to an online statement.