NRE raises $255m for Japan PV

Nippon Renewable Energy (NRE) has raised ¥26.1bn ($255m) in equity capital to fund the development of utility-scale PV projects across Japan, including 47.5MW of installations set to begin construction soon.

NRE, a Tokyo-based independent power producer, will start by building a 24MW project in northern Japan’s Aomori prefecture, as well as an 18MW installation in Hyogo prefecture, near Osaka. The first batch of plants will also include a 2.5MW site in Hiroshima prefecture and a 3MW installation in Oita prefecture.

NRE, which claims a PV development pipeline of more than 300MW in Japan, did not reveal precisely when it plans to start construction of the first four projects.

It said in a statement that it expects to follow up on those plants by building an additional 110MW of capacity in Japan Log in to read complete article.

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