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.
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.
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
in a statement that it expects to follow up on those plants by building
an additional 110MW of capacity in Japan throughout this year.
Russell, CEO at Equis Funds Group, which co-led the capital
raising, tells Recharge that NRE has not yet chosen a module supplier. But he
added that Soleq Solar – a Southeast Asian energy producer founded by members
of NRE – has frequently used Canadian Solar panels on it projects in Thailand.
Last July, Canadian Solar signed a deal to supply 91MW for plants that Soleq
Solar plans to own and operate throughout Thailand.