SunPower on hunt for Japan projects

SunPower panels in Gunma prefecture

SunPower panels in Japan's Gunma prefecture

SunPower and French oil giant Total, its majority shareholder, are on the hunt for utility-scale PV projects in Japan, with the aim of taking equity stakes in projects struggling to secure finance, the company tells Recharge.

SunPower is already one of the most successful foreign module suppliers in Japan, having historically focused on the residential sector. Roughly one-quarter of the 1.1GW of modules it produced last year were sold in Japan.

But the California-based company is looking to develop other revenue streams in the Japanese market, piggybacking on its broad US experience in areas ranging from EPC services to solar-leasing.

“We have initiated co-development [in Japan] with our majority shareholder,” says Zach Struyk, SunPower’s sales director in East Asia for the utility and commercial sectors. “We’re going and looking for Japanese developers with projects in various stages Log in to read complete article.

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