Marubeni launches trading platform for domestic PV power plants

Solar module. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

September 1 (Renewables Now) - Japan’s Marubeni Corp (TYO:8002) announced on Wednesday the launch of its trading platform for domestic solar power plants, SOLACLE.

Based on the feed-in tariff (FiT) system, the new tool allows investors and companies to directly purchase from and sell solar power plants to Marubeni.

The Japanese firm believes that by directly purchasing, operating, and selling solar systems it can help fix problems in the secondary distribution market, such as equipment defects and credit concerns. Through SOLACLE, Marubeni is also planning to boost the rollout of solar power plants as social infrastructure.

Marubeni noted that Japan’s solar installed capacity expanded to some 64 GW between July 2012, when the FiT system was introduced, and the end of September 2021.

The Japanese government is targeting between 104 GW and118 GW of cumulative installed capacity by 2030 as part of the Sixth Strategic Energy Plan.

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