Orix says 400MW plan on track

Conglomerate Orix says it is on track to reach its goal of installing 400MW of PV in Japan over three years, with 143.2 MW already in development at 28 utility-scale sites and 27.2MW now being built on rooftops.

The company is working with a range of module suppliers, including Solar Frontier and Sharp, spokesperson Atsushi Horii told Recharge, without giving further details.

Orix will complete several projects this year, including a 5.7MW plant in Ibaraki prefecture and a 2.1MW installation in Fukushima prefecture in October.

A number of its projects will come online next year, including three sites on the northern island of Hokkaido with a combined capacity of 49.4MW.

In June 2015, it will complete an 11.7MW installation in Fukuoka prefecture, among other projects.

Last November, Orix revealed plans to invest 54bn yen ($680m) to develop 100MW of utility-scale PV projects over three years.

It also vowed to spend an additional 24bn yen over the same period to lease space on factory and warehouse rooftops to install up to 100MW of solar. It has since raised its utility-scale installation target for the three-year period to 300MW.

The company made the announcement this week to mark the one-year anniversary of Japan’s feed-in tariff (FIT) system. The Japanese government reduced its solar FIT by 10% to ¥37.8 ($0.38) per kWh in April.