Renewable energy developer Amp Energy recently announced it had completed four new solar PV projects in Japan in the fourth quarter of 2021, and secured financing for another.

The new solar power plants located in Mizunami, Nihonmatsu, Fujioka and Shobusawa have an aggregated capacity of 69.2MW, with an estimated generation of 77,000 megawatt-hours (MWh) per year, equivalent to the annual energy consumption of 22,000 local households.

A photovoltaic solar power plant in Japan. (Photo by Norikazu via Shutterstock)

The developer also secured green bond project financing for a 19.8MW solar power plant in Kushima, Miyazaki Prefecture, in December 2021. Kyocera Communication Systems will be the EPC contractor for the project, which is expected come online in the fourth quarter of 2023. The plant will produce approximately 26,184MWh of electricity per year, equivalent to the annual energy consumption of 6,300 local households.

Canada-headquartered Amp has been expanding its Japanese portfolio over the past six years: the real assets business has now surpassed 235MW of assets operating and in construction, with a pipeline of 200MW in development that will come online by 2025.

Japan aims to increase electricity generation from renewables from 18% in 2019 to 36–38% in 2030, and Japanese companies are the current global leaders in solar PV innovation.

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By GlobalData