Osaka Gas, Fuso to co-develop 8 MW of solar in Japan
Solar modules in Japan. Featured Image: Norikazu/Shutterstock.com
Japanese company Osaka Gas Co Ltd (TYO:9532) announced last week that it is partnering up with Japan Energy Integrated System Co Ltd, a wholly owned subsidiary of Fuso Holdings Co Ltd, to co-develop roughly 8 MW of solar projects at home.
Located in the regions of Shikoku, Chugoku and Kanto, the solar portfolio consists of 84 small and medium-sized solar power projects that will be implemented by JO Denryoku 1, a 50/50 joint venture (JV).
Half of the planned capacity will not benefit from the country’s feed-in-tariff (FiT) scheme or its feed-in-premium (FiP) programme, while the other will be backed by FiTs.
Osaka Gas said that it will purchase all the electricity generated by the power plants, which are scheduled to start operation by the end of February 2023 for the non-FIT/non-FIP and the end of February 2024 for the rest.